Fun at first, but gets extremely repetitive.
The graphics are so-so. The planes themselves look pretty good, the sky is decent, but the ground/water looks like crap. Then again, it is dated. The sounds are good, although hearing your co-pilot say the same thing a billion (and i'm not sure that's an exaggeration) times throughout the game can get old. The best part of the game is the cutscenes. They include the bald guy who played the commander in the movie, he's pretty good. There are a couple okay actors, and then there are a couple actors that totally don't fit their part, it's so bad that it's entertaining.
Overall, I wouldn't recommend this game unless you're a real Top Gun or combat flight sim fan. Otherwise, you won't get much enjoyment out of it.