Yes, this war is only the biggest war going on for now and for quite a while. I know about the Kilrah/Argon conflit, but this one involves much less warships. And of course, the Zax/Rorg/Nyxian war will alter the fate of the galaxy, while I am not sure it will be the case for the other war.
(Or of the other wars currently going on for that matter)
Your Empire is one of the three I don't know about, although I can guess where it is located. If I am right, that is not exactly an enjoyable position, even if it is definitively better than being right in the middle of the Three Empires aforementioned.