Remember in Raiders of the Lost Ark when that really annoying Nazi got his face melted off due to the awesomeness of the Ark? Well,kiss your face goodbye because...Crytek just unveiled the newest iteration of it's game development software: Cryengine 3.
I just watched a tech demo video from GDC '11....and I am blown away, to say the least.
Check it out at Game Trailers.
Unfortunately, unlike the first Cryengine, this one is not going to be available to the public. Crytek is only going to liscense to game development companies, film studios and what they term "companies outside of the entertainment industry." Meaning, architecture firms.
This is going to be an absolutely huge leap forward in the game development process. Especially if Rockstar can get ahold of it and integrate it with their revolutionary Motion Capture software.