FWIW: I'm a huge Flight Sim fan with 3 x 42" 1080p displays and a full Saitek control setup on my desk at home. So I'm following this very closely. I reached out to the team behind this yesterday. I wouldn't assume what they are going to do, but when they are ready to pull the curtain back and talk a little more about this, Channel 9 will be there.
The last flight simulator I tried was F-29 Retalliator, that's a couple of days ago. I never tried Flight Simulator but was in a state of monumental disappointment about decision to shut down work on the product and fire all developers because seeing some of the latest beautiful photo-realistic screenshots made me want to try it and it appeared to be the best game of its kind. I really hope this new effort is not an attempt at a dumbed down Flight Simulator but an honest attempt at continuing the series, albeit under a new name.
Speaking of simulation. Take a look at this Brian Beckman video about real-time simulation of tire-physics, in the context of Forza (Forrrrza). It's a great video.