I've had this game for a while and sometimes get back into it. I also was looking for an Escape Velocity replacement, but this doesn't quite scratch the itch.
I don't really like the combat. The manual combat is way too complex and I gave up on trying to learn it, so I just turn on autopilot at the beginning of each battle and then bring up the map to manage my whole fleet - which is something I'd be having to also do if I were doing manual combat anyway, so…
But then combat basically becomes watching icons on a map slowly approach and maneuver around each other. You can issue instructions like "attack this ship" or "avoid that one," or tell ships which have taken too much damage to retreat (and on occasion they are even able to retreat before the enemy just destroys them anyway), but as a whole it's just kinda slow and boring until you either win, decide the enemy has been sufficiently bullied and do a full retreat, or decide you're losing too many ships and save scum.
It'd be really nice if you could speed up the battle scenes just like you can speed up traveling - but then again, given how quickly the smaller ships can go from fully shielded to a cloud of fine space debris, maybe it's for the best.