The folks responsible for Star Fleet Battles have come up with a new faster-playing, cut down version of the game. Called Federation Commander, it promises better play for larger scale conflict in SFB's oddball alt-Trek universe. The official website makes it look like they've kicked production values up a notch as well. Check out this fullcolor Ship System Display:
That's still more complicated than a lot of spaceship gamers want, but it sure looks like an improvement to me. There's a thirty four page demo rulebook available for download here.