Looks great! Very sleek, and modern-looking. Has a good shape for an escort-oriented cruiser (which most cruisers should be, really).
1) Aesthetically (I guess in terms of shape), it is a rather big departure from FS1/2 Terran design, not to mention Vasudan. Not really a problem if it's in a post-Capella era, just something to keep in mind. It still looks awesome, regardless.
2) The name. While, yes, it's already a popular name for other models/ships, it's also fairly well-used elsewhere in recent times, and it kind of takes away from the originality of the model.
-) Off the top of my head, you've got the two GTVA Hyperion models already on here, Hyperion from Borderlands/Borderlands 2, the Hyperion from Starcraft/Starcraft 2, and...I vaguely recall it being a name for other sci-fi continuity ships/ship-classes. So it's not cliche, but rather a possibly squandered chance to make this model/ship stand out.
Overall, great work! Would love to see it in action.