I made/asked Valkyrie 76 pick it up for me while he was in Japan. He has 'borrowed' it so I haven't been able to have a crack yet. But it looks promising. One of my favourite Ps2 games was a Macross game, mainly because it combined the three modes uses really well, controlled well and had awesome dogfights!
Apparently it plays similar to the psp macross games if that's any indication. As soon as Valks gets bored of it (won't be long now) I'll have it for a more informed decision.