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Invisibility will exist in the game in the future but most likely with a class that makes more sense to have it. (dun dun...)
I for one like that I do not have some nosy bugger constantly watching my location who is ready and waiting to pounce on me when i'm in supposedly a "restricted area" and am now "trespassing" in their "sovereign territory". Find another way to spy on me you double-oh dweeb :V
There was/is a promo item that allows you to do illusions outside of a ship, forget what it is called