They made it obvious for the hardcore simmers that this game is not meant to be a realistic simulator, but rather an arcade game. This is in the style of the older "Wings of War", which came out in 2004 and was released on the PC and Xbox.
Originally we heard news that this was supposed to be on Xbox Live Arcade (XBLA), but nothing new has been heard since then. Even stranger, the developer, Stainless Games, says on their product page that they're currently developing Red Baron Arcade into what will be Sierra's first release for the PS3. Hopefully this version will also have online multiplayer!
(Edit: I had originally said this was released March 24, but that info was incorrect)