The StarWraith Website has news of the release of Evochron Legacy, the latest in the Evochron series of freeform space games (thanks PunkiBastardo). This is available on the developer's website and on Steam, and owners of Evochron Mercenary may be entitled to a loyalty discount (details on that can be found on this page). The developer's take on all this can be found in this blog post, and here's a bit of that:

What the game is and what it isn't will, in general, remain true to the original Evochron formula. The game will remain a tightly focused technical flight 'space-sim' with options and gameplay specifically geared toward that objective. As a technical space flight simulation, it will focus on what flying and managing a spacecraft as a lone-wolf pilot might be like in the future. Options for trade, racing, combat, exploration, and crafting will continue to be available. And in many cases, these elements have been greatly expanded as well as offer entirely new options not previously available in earlier games. The new game will continue to focus on various simulation aspects related to ship systems, physics management, weapon systems, flight controls, open space 3D navigation systems, and tactical technologies.