What you guys think about when your ship gets damaged in a certain spot..it shows the damage in the damaged area.

Done. Showing where your ship was damaged is all that it does, in that it doesn't effect your ship's performance or anything, but on the ship model on the right of your HUD, it does show where the damage was done.

im talking about when you zoom out it actually shows damage to your ship..anyway..the only performance that damage would effect would be speed...because theres no friction in space...

Not true BrainwashedMonk, you could also damage life support, communications, weapons systems, cargo holds, tracking(radar) and jump engines to name a few. I'm sure there are a few more.

While having greater detail of damage to the ships would be really cool, it's low on the devs priority list I'm sure, since it would require that the artwork be completely redone. So I'm sure it's on the list for when they start to address ship model issues, 3 years from now =)