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Infinity: The Quest for Earth is an indy MMO set in a persistent futuristic universe still in production. it features an advanced procedural engine made by the games creator Flavien Brebion in order to simulate am entire galaxy (based off off The Milky Way)
I of course don't do it justice, so enough of me talking and heres the link: http://www.infinity-universe.com/
Oh and some of the content:
Real time galaxy model
http://www.youtube.com/watch?v=P0-lsyo28SU
Fight render (not official)
http://www.youtube.com/watch?v=bIaBFTAh_o4&NR=1
Planet surface and planetary rings
http://www.youtube.com/watch?v=F-4OeWL1sCw
Bellerophon Battleship
http://www.youtube.com/watch?v=lTQCnoBhYqc