This post outlines a lot of features:
Star Citizen Explained

For those of you who haven't been following, Star Citizen crowd funding is now at about $15M!
The new website is up and the game is looking really sharp. A quick rundown of recient news:
-Tentative release date is 2015, hanger module is going to be out Fall 2013, Alpha testing starts winter 2013, and beta in 2014.
-Male or female character role.
-Currently there is about 20k alpha slots still available.
-Persistent universe, free content updates, dedicated official servers, TIR and Oculus Rift support, made with Cryengine3.
-While it is a 'space combat' simulation, other roles are encouraged, encluding explorer, merchant, mining, bounty hunter, pirate.
-The alpha/dog-fighting module is slated for release in Fall 2013.
-The Hanger module is going to be release around Aug 28, 2013 where you will be able to see and interact with the ships in your hanger.

Star Citizen

See you in the 'verse!