Looks great, though I admit it'll be sad seeing the old model go... I had a lot of fond memories with that ship.
Some questions, however... what's the size comparison between this one and the current model? I always thought the Fearless was a tad too large and not quite manuverable enough for the power available to it, so if the model is being replaced those should be remedied at the same time. Certainly the model should be no bigger than the current, and if it's close to the same size I'd just suggest a slight increase to turning/strafe speed.