3rd Person view. Since 1st is really crapped in Freelancer. In the first teaser trailer, where Freelancer was represented for the very first time, it is shown that cockpit view had to be more interactive (radars, head turning and other stuffs). However, all that disappeared with old FL engine. Instead of semi or full simulator we got arcade space shooter. All the best things was thrown out from a game because rush of Microsoft.
Plus, all the same cockpits are really boring, especially when in Capship.