1. Sorry about that.
2. Flight sims do not need to have a cockpit view or first person view. The physics engine is not "watered down" and I do not see why you would think that. If you are complaining about content then wait tell the next few updates and the game will become 2x bigger than it already is.
3. This is not a bad game at all and I have no idea why you would think that and if you don't like that it's pointless then go ahead and start calling minecraft bad.
If this game is not a good flight simulator then give me a link to a good one.