Chris Roberts and company was on hand at PAX to debut footage of Arena Commander, the dogfighting portion of Star Citizen. Presented below is about 38 minutes worth of footage from both Chris Roberts' presentation and some other video thrown into the mix.
You can definitely see how beautiful the game is looking. Attention to detail such as the directional changes in the small thrusters on the ships show how the team building the game is making sure even the tiniest of features get implemented and implemented well.
As a backer, I'm anxiously waiting to get my hands on the game and I'm really hoping to have Oculus Rift support in it as well. Yeah, dog fighting with that on would be amazing.