That is definitely what I'm talkin' about. I've wanted an FFG-7 to go with my 1:350 CVN-65 for years. Looking at the photos, it looks nice out of the box but I think about half the parts will be going in the trash in favor of photoetch. The railings in particular and much of the gear up top (mast, etc).
http://www.modelrec.com/all-brands/academy.asp?GetItemNo=300
Academy is a mixed bag. Their newest stuff is really nice (F/A-18C, CH-53E, CH-46), so I'm optimistic about this. Job 1, convert it to waterline. I'm not a ship-on-a-stick fan.