I think a proper, and fair, registration system is probably the best solution to overuse (read: PVP whoring) of capital ships. The Corsair one actually works quite well - if you're known to have good RP skills, and an awareness of balanced fighting, then you'll get approval. If you misuse your ship (using it to overpower fights, taking it to OORP places) then the approval gets revoked.
EDIT: Should have mentioned that the key to this is that anyone who can roleplay and fairplay WILL get approved. There's no attempt to use faction power as a restriction on other people's genuine RP.
No longer active online due to a dwindling amount of non-PvP (trading, pirating, mining, etc.) fun in the new version.
