The Chatham, UK based studio has bought the license to not only develop new games based on Microsoft's nigh-legendary flight sim technology, but also publish older material.
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Besides dropping a new game on a projected 2015 release date, Dovetail also plans to take Microsoft Flight Sim X to Steam as the cleverly titled Microsoft Flight Sim X: Steam Edition. No prices have been announced thus far, but it's not unreasonable to think they'll be in the same range as Train Simulator and Fishing Simulator (around $40).
Says Dovetail COO Steve Bainbridge, "We are very proud of the strong community we have created around the Train Simulator series of products, and we are looking forward to extending our knowledge and experience into working closely with the flight simulation community. We know that they are a very knowledgeable, passionate and committed group of individuals and we welcome their feedback and involvement as we start to create the next generation of games in this area."
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I worked as a Microsoft customer service rep for a while and he's absolutely right about the Simulator community being a serious and dedicated one. Anyone at Microsoft support is gently told to remember not to refer to Flight Sim and its related products as "games", lest they have a suddenly very annoyed customer on the other end of the line or in the chat room!
Keep an eye on Dovetail's official website for more announcements, or follow them on Twitter @dovetailgames.