Basically, as long as your opponent can't take you out with a single shot, you are omnipotent, and can take as long as you like to kill your agressors. You can also run this on any or all ships in your fleet and have an invincible army at your disposal.
Features:
- Make any or all of your ships all but impervious to attack
- Being able to finally stop and smell the roses in Xenon and Kha'ak sectors... without dying right afterwards
- Take on the entire Kha'ak Armada in your M3 without breaking a sweat
Side Effects:
- Guilt for being a scrooge
- Raised self esteem that can get you in trouble
- Fear of nothing, which can get you killed in real life
- Boredom when all the challenge is removed
Everyone enjoy:
http://x.leetcode.net/x3/godmode.rar

EDIT: If you would like to use God Mode for stations as well, download this addon by 'A DJ'
http://forum.egosoft.com/viewtopic.php?t=109224