Il-2 Sturmovik - Battle of Stalingrad
http://il2sturmovik.com/It is being developed by a new team, the 777 studios in co-operation with the 1C. It will use an updated version of the Rise of Flight's graphics engine.
I'm just waiting and seeing what is coming. Based on the little that I've studied regarding aerodynamics and flight mechanics, I really liked the Rise of Flight's flight model in general. The problem with Rise of Flight's flight model was many times the relative performance between planes. WWII aircraft are generally much better documented and it's therefore much easier to find reliable performance data for them than it is for WWI aircraft.
So far I personally like to stay just as a curious observer myself as my rig wouldn't run it anyway and I like to hear some impressions on it first.