BrynS spotted a brief Wing Commander Arena mention - an article at FiringSquad titled Top 10 Xbox Live Arcade Games. After running down the list they look to the bright future, which includes our favorite universe:
In the meantime, Microsoft and other third party publishers are already planning to release a ton of games for the service, from space shooters like Wing Commander Arena and Battlestar Galactica to classic ports like Disks of Tron to original titles like Castle Crashers, Undertow and Happy Tree Friends. It doesn't look likely that Microsoft will give up its lead in the console downloadable game race anytime soon.
You can read the whole thing here - #1 is 'Geometry Wars'.