It's nothing short of STUNNING!
I had my doubts about the ships, as after reading infinity's forums I felt like it had become a free for all for the ship designs, and anyone (good or bad) could submit a design. Therefore, ending up with ships that dont suit the style or seem out of place... not to mention varying difference's in modelling quality. Needs a lead modeller sort of role for someone to guide all the contributor's work.
... but then looking at these screens, the ships so far suit the game well and are arguably better than a lot of the high budget space sims out there.