My pennies worth....
It won't be shite. How do I know? Because I know someone who used to work for frontier and they have said that there will be something in this game that has never been done before. What that is, I dont know. What I do know is that David Braben is adamant that "The game must be as ground-breaking as the original Elite was all those years ago otherwise its not worth doing".
When The Outsider is released we will see a glimpse of what he has in store because much of the A.I. from The Outsider will be used in Elite IV.
So we are in for something special thats for sure. Have a little faith people and don't write it off just yet.