Check out Steam and Iron, tactical naval combat in WW1 over at NWS.
http://forums.navalwarfare.net/showt...WNLOADS-THREAD
Comes with fleets from Britain, France, Germany, Austria Hungary, Greece, Turkey, Russia and the USA with other nations addable by the user. Also a Ship designer and editor, scenario editor with the entire world usable, a Baltic Sea campaign (in beta with North Sea and Adriatic campaigns to follow) but no fancy graphics. Much less expensive as well.
Better than anything from SES in every way except eye candy IMHO.