Thanks for the feedback, guys -- glad you enjoyed it!
As LOAF and others have mentioned, there's so much to go on and so many cool references and developments we're really spoilt for choice. It is a bit unfortunate that a lot of the media coverage has not grasped and/or conveyed the huge amount of work and effort put in to make Arena a Wing Commander game.
A couple of weeks back, I had the thought of putting together a short video based around the WC3 Arrow (due to the similarities between it and the base Arena variant) scramble sequence as something that could be put together fairly quickly just before Arena hit XBLA. When I arrived home from college two weeks ago and got the sense that Arena could possibly have been launched last Wednesday, I rushed into it last weekend and nearly put it out then, but when it was confirmed on Monday/Tuesday that Arena would not launch this past Wednesday, I held off and expanded it yesterday by putting it in rough context.
But, again there's so much to work with and just in the past few days I've wanted to do a number of other videos -- would have loved to have got some WC1 in there or indeed even some kind of WC1 through to Arena evolution, amongst others -- unfortunately, I haven't got much free time at the minute. I look forward to seeing any other takes.
AD said:
I liked it BrynS. And I loved how you transitioned from the WC3 arrow launching to the gameplay footage of Arena. The only major complaints are the pacing of the first half of the trailer with the WC3 footage (it could actually be shot choice more than pacing) and how the sound drops out between most of your edits when it switches songs. It's a little jarring. I think I would have rather picked one continuous piece if I couldn't get the various music tracks to blend very well. And the StarCraft bit made me laugh, but I'm not sure it was in a good way. Your effort is obvious though and I thought the titles worked really well. I might have extended the white of the logo pictures through the whole frame too
Thanks for comments, AD.

Yeah, as noted above, the trusty Arrow was the bird that got me thinking! I agree with all your other points and should have also extended the logo white to the entire frame. I wasn't too happy with one or two of the audio fadeouts, particularly after the surrender sequence on the Victory, which is a pretty crude fade (and I appear to have cut a few frames there too); unfortunately I've been using Windows Movie Maker recently, as my previous editing software crashes too often with many of the codecs I use and Movie Maker is a fairly blunt instrument at times!
Saying that, I can appreciate how the structure results in the jarring you mentioned and also felt that the first half was a bit slow and could have been punchier. I was thinking earlier today that some of the fighter footage from the Kilrathi Saga intro, for example, might have been more appropriate there. Time permitting, I would have liked to have also done a shorter (~1-minute) video with one continuous audio track and quicker FMV cuts (perhaps with some WC4 and WCP too), intercut with specific Arena footage. Because I wanted the sound effects in the original Arena footage that I was using to be audible and as I couldn't filter out the music in that footage (so that I could then overlay a main audio track that would not clash with the Arena music) I had to structure the scenes (and audio) around it, but it could have been smoother.
On the Starcraft 2 point:

he he... There's probably a perfect Maniac taunt that could have been used instead!
Cheers,
BrynS