It seems Mad Catz now has a heavily vested interested in high-end, high-quality peripherals. It started with the Street Fighter IV sticks, and now we're seeing things like that crazy mouse, and this:

Flight-sim fans: your dream peripheral-x65f.jpg

Just like modern military aircraft, the X65F uses force sensing technology. If you simply apply pressure to the stick, you'll control the aircraft. Twist the controls for yaw control. It takes a few minutes to get used to, and it's eerie to have such fine control over the plane with an immobile stick, but the product promises to remove hand strain and to allow you to play your games with much more precision than existing flight sticks.

The stick itself feels like a heavy piece of metal in your hand—you won't have to worry about keeping the stick steady or moving it around while you play—and after a while it simply feels as if the controls are reacting to your thoughts. You will the plane to do something, and it responds wonderfully; your hands need to do almost nothing to perform even advanced maneuvers.
From Arstechnica: $400 gets you the best flight stick you can't move