From thee sound of it, it will be a Master of Orion remake/Generic Space 4X game set in the Civilization: Beyond Earth universe. Color me intrigued; there are no current, good, space 4X games I am aware of. I still play Sins of a Solar Empire to scratch that itch, and as much as I like it, it has some big flaws (it also makes for lousy, lousy video I think).
The only problem I see is that it is also listed as an iOS title – I hope this doesn’t indicate compromises to design, functionality, and controls imposed by tablet platforms. That’d be a shame.