Its too bad really but flight sim development is a tough business. Even though I hope to see something from this someday, it has interesting planes and the time period/conflict would be an awesome addition to the sim genre.
Yeah, I think this would have really scratched my Korean war itch too. Somewhat similar type of jet combat (can't just light the after burner here; need to use your wits), and Harrier VTOL/Ship ops looks crazy fun.