I remember hearing a quote along the lines of “the next Elite will not be set in space”. Maybe this is it. It’s called The Outsider:

The game radically enriches the player’s experience by abandoning the traditional, prescriptive, mostly linear story of current generation games, and replaces it by simulating characters’ motivations and aims. This gives the player genuine freedom to change the story outcomes in a way that has not been seen before - each player will get a truly unique, sophisticated, visceral experience rather than simply switching between ‘good’ or ‘evil’.

Freedom to direct the story and grey area choices beyond good and evil? Fabulous. This must be the game Frontier has been saving their cash (earned on licensed games like the latest Rollercoaster Tycoon) to make exactly how they want it. Read the whole page, it already sounds utterly intruiging.