Link: http://www.computerandvideogames.com/r/?page=http://www.computerandvideogames.com/news/news_story.php(que)id=123639

Epic Games have revealed that Unreal Engine 4, if Unreal Engine 3 wasn't incredible enough with its utterly glorious and vast array of DirectX 9 Shader Model 3.0 (and all the techniques possible with it) and etc driven feature set and timespan of Gears of Wars, Unreal Tournament 2007, all to be on Xbox 360 and the PC, all to be unleashed in the next few years, and just so much potential to be kindled, so Computer and Videogames are already ahead of the ball game:

With work on the previously unheard of Unreal Engine 4, now revealed to have begun over two years ago. "Unreal Engine 4 will be totally groundbreaking and the way games will be done in the future," Rein continued. I don't expect it to be staffed up as a full team for several years. But when people come to work at Epic, they can come here with the knowledge that we're always keeping one eye on the future and they're going to be helping to shape the future of the videogame business" continued Rein.

You could only imagine and dream to the greatest possible extent of what could feasible with Unreal Engine 4, or [i]would[/i] be:

But Unreal Engine 4? Our minds veritably boggle at the prospect. God alone knows what Epic are cooking up there, but if it's the generational leap forward that Unreal Engine 3 is, then world look out. Rein hinted that it's designed for the next next generation of hardware. Epic feels they got a two to three year headstart on this generation when they started Unreal Engine 3 and aimed it for hardware that was only in the planning stages at the time. Their gamble paid off when Microsoft and Sony chose that level of hardware to power their upcoming next-gen consoles. Rein says the focus for Unreal Engine 4 is getting a leg up on the competition for the next major paradigm shift in computing hardware that is likely to see the light in future PCs and console systems that are mere concepts today.

Or is CVG just bluffing and making claims that simply aren't true?

Who knows for sure, but it sounds like we have a bright future to look forward to, regarding the gaming and technology industry, aside from the increasingly growing masses of employees that will be enforced to work together in order to achieve their goal in bringing true next-generation games to the table.