Just after I logged off last night, apparently, some of the Vendetta Online devs got on and spawned some capital ships from opposing nations in Sedina B-8.  Massive carnage ensued:

http://www.flickr.com//photos/pizzasgood/sets/72157628462849521/show/

Swarm trails, kind of like space octopi

You can see the new Avalon Torpedoes in action, along with the Teradon Frigate, Constellation Heavy Transport, Trident Light Frigate, and the easily recognizable Heavy Assault Cruiser.  The blue lines are contrails left by swarm missiles.  The glowing effect surrounding the capital ships is from their shields activating.  Judging by the last shot it looks like the Serco came out victorious.

Vendetta Online features craftable cap ships, which can then be skippered by the owner and manned by a crew of players.

Many thanks to Pizzasgood a.k.a. Rin Ganborro for capturing these slides.