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Will have both singleplayer and multiplayer (mmo-like? Not sure)
Keep in mind, this is VERY early alpha. And I think the biggest problem (from what I can see in their video)...is animations suck. But early alpha is early alpha...
However, this game looks like the game I've been waiting for. The closest game to have done that is Shores of Hazeron (which is similar in some aspects). But not there.
Planet-side exploration and building, RTS elements, RPG elements, explore the vastness of space and land on all the planets/moons and build on each one. Just go read their description if you want a better idea :P
*throws money at my monitor* take my money!