I think a film editor would be the best thing. A real lousy game "Driver; You are the wheelman" had a great film editor. You could select view angles and automatic panning from different objects, etc. Was fun to play with because you could make a film that would highlight certain events from a driving sequence.
AW had a pretty good film system, as you could start and stop camera during a flight. At the end of the flight, the system would ask you if you wanted to save the film, at which point you could give it a name. (Much easier to name right after, rather than sort through film1, film2, etc. later on.)
What I would really like to see is improved film playback, where things happen the way they did in actual flight. It is so weird to see a plane flying on after you killed it.
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"Wing up, Get kills, Be happy"
Midnight
13th TAS