Myke released a concept video of his latest work on the BI Forums.
For my work on the update on the Missilebox and related to this, to the IAWS (hopefully coming up which will be useful for the enduser), i did some research about dynamically add/remove weaponracks to planes hardpoints. Tests run well and the end result shows that it should be possible to raise the loadout flexibility to about 300% (rough guess).
I know it looks really ugly and is also out of scale and placements aren't 100% accurate. I was more about testing functionality than polishing it for perfect represantation. Please note how the weaponracks changes on changing weapon loadout.