Gnostic Labs has announced Eschaton: Chain of Command, "a multiplayer combat game that seamlessly combines real time strategy and first person action." No release date is provided, but apparently it will be released prior to the release of their massively multiplayer Eschaton game (thanks HomeLAN Fed). Here's a bit:

Eschaton: Chain of Command takes you directly into the heat of an epic space battle as you pilot a space-mech through an asteroid field, lead a bomber squadron during a capital ship raid, blast fighters in an interceptor, command a battleship against a space station, or play as a commander, providing strategical direction to hundreds of units, many of which are controlled by actual players. It is the only team-based, action-strategy game that seamlessly combines the familiar elements of real-time strategy and first person action, placing you in an organized space battle, with 30 different classes of spacecraft. You`ll be able to command hundreds of units via a RTS interface, or carry out those orders inside space mechs, fighters, bombers, frigates, and battleships to go to war in spectacular space environments.