I just downloaded the demo through the Playstation Store on the PS3, and I must say I'm quite impressed.

It comes with a few missions and the tutorials, and is unlimited time. Worth checking out if you're still interested Bob.
It's a big download though, it took about 30min on my high speed connection, but it was worth it.
I hope they can get future flight sims to look something like this. But I imagine that most of it is due to the PS3's insane CPU and graphics chip. Maybe FS going to a console wouldn't be such a bad idea, if they could work out the user added content side of things.
It would be nice to get this kind of visuals & performance in a causal flight sim environment. 8-)