Here's a story that seems unbelievable: Chris Knudsen has been developing a fan project called "Privateer: Ascii Sector"... a sixteen color, text-based take on Privateer! Here's what he says:
For the past 4 or 5 months I've been working in my spare time on an ascii game based on the classic Privateer (my absolute most favorite game!). I've got most parts of the actual flight engine worked out and am currently working on the bases and interaction with the characters in the game. Anyway, I'd like to post a few screenshots and get some feedback. As the entire game will be made up of ascii characters in 16 different colors (such as Adom, if anybody is familiar with that game), this game will mostly be for the retro-gamers out there.
Absolutely amazing! Here's what it looks like: