The X-Wing: Alliance Upgrade project 2025 update has been released.
https://forums.xwaupgrade.com/viewtopic.php?t=14560
Summary of changes:
New, more robust install process,
Memory Constraint improvements (given it is a 32-bit game, breaking parts into other processes),
New Models (Golan I, Asteroid Mining Unit, Bulk Freighter, Modified Corvette, Otana, Quasar Fire-class Carrier),
Dynamic Cockpit updates,
Enhanced HUD displaying ship info on selected target,
Many mission bug fixes/tweaks/improvements,
HD medal Ceremony videos + HD medals,
Start of new HD video-sequences, for the intro, prologue of battle 1 right now