A description of the game from the VO website:
Vendetta Online is a massively multiplayer game, shipping now, which permits thousands of players to interact as the pilots of spaceships in a vast universe. Users may build their characters in any direction they desire, becoming rich captains of industry, military heroes, or outlaws. A fast-paced, realtime "twitch" style combat model gives intense action, coupled with the backdrop of RPG gameplay in a massive online galaxy. Three major player factions form a delicate balance of power, with several NPC sub-factions creating situations of economic struggle, political intrigue and conflict. The completely persistent universe and detailed storyline add to the depth of immersion, resulting in a unique online experience. See the Vendetta Introduction to learn more about this newly launched product.
Thanks to Geert-Jan for the heads up (and possible upcoming review of the game).