Thanks for the comments and compliments folks.
@nine baobabs: A single stick flight control scheme is a problem that in my mind has been solved, play Just Cause 2 or Saints Row 3/4 for example. My controls are definitely worse, but I'm trying to see if you can get a new form of game feel from it. Ideally, as you point out, it would have a greater amount of control because of the subtlety of using two sticks, but more work is needed till a get it there.
@curiousepic: All great suggestions. The "two sticks to the right to turn right" causes you to turn on the yaw (vertical) axis, and then the camera rolls slightly. Rolling sideways, than moving on your pitch (horizontal) axis is completely valid too, I think with further development I would find a system that combines those two ways of turning into soemthign that feels congrous.