There's a new flight sim on XBox Live Arcade, and it really shows off what's possible today. The 50 megabyte maximum file size limit that was around when Wing Commander Arena was release has long since been lifted, and new games like Afterburner Climax clock in at a whopping 500 megs. The price tag hasn't budged however, and this game is only $10. The new game from Sega only has three fighters (compared to Arena's 18) and no multiplayer, which should help you appreciate what EA and Gaia managed to do with Wing Commander.
The classic arcade game After Burner returns for a new generation of gamers. After Burner Climax™ is fast and frantic action, putting you in the cockpit of the world’s fastest fighter plane. Dodge planes, rockets, and bullets while trying to target multiple on-screen enemy aircraft. Built for all skill levels, everyone can take to the air and blaze through a branching storyline and over 20 stages. Unlock achievements along the way to win an exclusive Avatar award using your experience and expertise.