Legends of Pegasus already sounds like one of those games you play all throughout the night in one massive marathon session while neglecting to eat entire meals along the way. It's a 4X (explore, expand, exploit, and exterminate) space sim being developed by Novacore Studios and published by -- who else? -- Kalypso Media.
The game won't be out until the second quarter of 2012, but we have the first details and screenshots. It's supposedly a blend of real-time and turn-based play, with an emphasis on ship customization as you control the last surviving humans trying not to blow themselves up.