SJ, the video is from a tactical space combat game, no FPS. Some scenes are showing tie camera following a figher, but this is clearly not what the game is about.
As mentioned, you have a bunch of ships with different equipment (as in armor, shields, weaponry).
Think homeworld 2, but less ships and more depth.
All ships have certain ranks in them, influencing stats.
You can target all subsystems (scanner, weaponry, engines, etc). Weapons and shields have different parameters (such as certain weapon can disable shields more easily, while others will only damage sub-systems.)
The video shows in-game footage.
If you ever watched Babylon 5. Just imagine a Babylon 5 battle, and you are the one controlling it. If you like ST more, think about the intro battle in Nemesis (i think) were they are fighting a Cube.
This would be a dream come true, at least for me.
The scene which is beginning at exactly 2:30 minutes is what is making me happy
