Well to all you nitpickers and naysayers who say it'll never come out....ign just had an interwiew with Freelancer's lead project developer and he said that they are working on beta right now and that it'll definetly be out by March 2003
IIRC, according to the announcement made about six months ago, Freelancer was supposed to be out last month.
Freelancer has gone from "Due out sometime in the next year or two" to "Due out sometime in the next several months". Unfortunately, its been in the latter stage for several months now, and the specific month its due out keeps shifting, keeping the release date at a nice constant distance from the present date.
I'd say its the usual MS vaporware, except for the small difficulty that afaik, there isn't any competition to be upstaging at the moment.