The screenshots don't show much but doesn't look overly impressive so far. CryEngine 3 which isn't new had demo's looking very similar and so far seems to do a better job of photo realism if that's the way someone want's to take their graphics. One thing I would say the Unreal Engine has going for it though is on the dev side of things
Guess it will be a wait and see.
It does seem like things stalled for a while, maybe because of console popularity lately which have limited hardware with no way to upgrade.


