A little less than a month ago, we took a look at SGN’s preview for its unnamed jet dogfighting game for the iPhone. Though it was merely a short demo, it was truly astounding graphically, and could easily compete with any of the mainstream handheld consoles such as the Nintendo DS or Sony PSP.

Well, SGN has announced the game is live and it actually has a name this time. The title is F.A.S.T. – Fleet Air Superiority Training, and it is every bit as cool as it looked in the preview.

Unlike the simpler motion found in past titles, this aerial simulator not only has impressive, full 3D graphics, but also takes full advantage of the iPhone’s accelerometer, with the ability to fly using the actual motion of the phone itself. Sure, it takes some getting used to, and is a bit challenging at first, but once you get it down, it is significantly more fun. Furthermore, and perhaps one of the best features, the game has live WiFi dogfights that consist of 1v1 and 2v2 battles.

SGN has also stated that further features will be added once iPhone’s OS 3.0 becomes available this summer. So far, there are two major features coming in the near future, one of which is the ability to purchase items and supplies for your various aircraft. However, this is miniscule compared to the event SGN says it has planned.

Apparently, along with the OS 3.0 launch, the game will launch a global dogfight war that makes use of 3.0’s capabilities. Players can pick sides in the battle and it will be supported with live voice chat, and tactile feedback (such as vibrations) that responds to actions occurring around the player‘s vicinity.

Check out the game play video here.