Wow this would be awesome, I really hope it happens, I would buy it in a heartbeat.
I've been waiting so long for the next entry for this game series - the time couldn't be any better to finally start creating and releasing the game. There's still some way left to get this kickstarter completed and funded. Unfortunally when they first released the kickstarter site they only had information on the site and no videos or concept art so it got off to a slow start but people still seem to really want this game made and there should be enough new pledges added as it starts to come to an end but if someone here really want an excellent game this should be the one to support. It's a little unfair that Star Citizen managed to raise more then $7 Million (http://www.robertsspaceindustries.com/) while we still don't know if the next Elite game will get made.
By the way here's a quote from Ian Bells site (he also worked on the first Elite game with David Braben - but then quit):
"Elite" was originally written in 1984 by myself (Ian Bell) and David Braben for the BBC Microcomputer. It has since been converted to many platforms. The best conversions were for the Nintendo Entertainment System and the Acorn Archimedes."
You can even download the game from his site including the NES version for emulators.