Galactic Starfighter is SO the name of a videogame. Except it's actually the name of expansion to a videogame, which I suppose is the same thing, albeit a subcategory thereof. Anyway, SWTOR steps into the spacebiff with "12v12 free flight combat", which involves getting hold of a customisable starfighter and doing pew-pew in various locations around the SWTOR universe. And it looks okay! Or at least not completely terrible*. There are different deals within this expansion depending on whether you are a SWTOR subscriber, or a dirty freeloader, and those can be examined here, with the first wave of space dudes grabbing their space wings on November 1st.
*This is a space combat subgame in an ailing MMO, it might well be terrible.