The last reference to Wing Commander franchise I found was a card game made by 'Jumping' Jeff Grubb - a true gaming veteran. Apart from that the Wing Commander Franchise drops off the earth about 1999 (Y2K Bug maybe?)
I'd imagine Universal might still hold the rights to the movie, and EA might have rights to the game (but they don't care for it apparently).
As a tabletop miniatures game... I reckon there'd be some action in that game.
Anyone with thoughts?