He also hit it here:
Let’s not count our horses before they’re baked here. It’s great that he’s managed to persuade a bunch of hapless people to give him money for an insanely ambitious project, but even if he’s not pulling a Peter Molyneux and promising a jillion times more than he can ever hope to deliver, he’s not going to be releasing this until November 2014. Which makes announcements of “The PC Space Combat Sim is back” as a result of this project seem a bit premature.
And honestly, my money is “Molyneux Syndrome” here. What was the last successful game this guy made? Do we have any reason to believe he can handle a project of this scope after his previous effort in this direction…didn’t entirely pan out? It’s great that he’s the Guy That Made Wing Commander™ but still.