I was just thinking about this and I was curious.

Lets say in RL your driving your car at night and you pass under a street light. You see the light pass over your dashboard, and even a slight reflection of your dashboard on the windshield.

now I hope you know what I'm talking about, now lets say ingame, its night time and someone shoots off a few rockets and it zips past in front of your cockpit, are we going to see a fancy light show? even from the lasers like If someone shoots a PPC in front of your cockpit will we see the blue glow and even the shadows coming off of the struts. (struts? or whatever you call those vertical bars holding up your windshield)

Yes many of our particle effects are also light emitters. Its one of the most powerful features of cryengine is the dynamic and real time lighting.

You will see effects like when firing a handheld weapon the light emits from the barrell flash. Also our lasers emit light throughout their entire lifetime so if you were standing in a dark forest it would light up as the laser passes through. Rockets also have emitters, PPC has one, Gauss has one hell most of them do