Freelancer.
Recently I've been playing Freelancer. It's a rather good game. Remember Elite? It is just like that, except the graphics are far better.
Story line is turning out to be good, but rather intrusive. Plus currently the only nice looking ship I've found so far to buy is the heavy fighter in the Liberty system, and when you move on through the game you are forced to buy a better, uglier ship.
The game is out in America, but it's still about a month away here in the UK, so you can put up with the immensely short demo, or "acquire" the game by other means.
If Microsoft insist on not releasing it at the same time internationally then they are just asking for trouble.