I think the graphics in Argentum look very cool actually
Interstellar Flames is coming along very well. It wont be released until it is finished because we want it to be a great playable game rather than just a very impressive 3d demo.
I seem to be useless at predicting release dates but here goes:
10'th of June.
I'll hopefully put up some more information on the game soon. The screenshots you have seen so far are from an outdated version.
Some people have asked how fast it runs. The answer is 30 fps fullscreen on a 200 MHz ARM device (eg. iPaq).
The game type is action shoot-em-up, more like StarFox than Wing Commander or Elite basically.