No, that's not the title (or at least we *hope* that's not the title), but it seems at LEC's press event, IGN beat out of them that Peter Hirschmann (Medal of Honor) and Larry Holland (Luftwaffe, XvT) are working on a World War II aerial combat title.
In this World War II aerial combat fighting game, players can engage themselves in the world of a handful of fighter pilot aces in air-to-air and air-to-ground battles in a slew of combat theaters across Europe and relative territories. A story-driven game, LucasArts' title enables players to take on the role of an elite squad of pilots who must confront military enemies in some of the most difficult and dangerous missions of the war.Check out IGN for the full article.
Source: M4r3k