Epic Games isn't sitting still to wait for the next-generation of home consoles to appear, they're smoothly moving forward with software upgrades for their proprietary Unreal Engine. Last year they showed off what the latest UDK and UE3 tech could do with The Samaritan real-time demo -- which ran on three over-clocked Nvidia 580GTX cards, just so you know -- and this year they're planning to wow once again with the revelation of the Unreal Engine 4.

The news comes courtesy of G4TV [via Blues] who says that Epic is planning on making the official announcement about the next engine at an upcoming event. I wouldn't doubt that we would see something concrete at this year's Game Developers Conference in March, which is usually where Epic makes announcements and revelations regarding their popular Unreal Engine.

Of course, the biggest problem with an Unreal Engine 4 is that current-gen consoles are already maxed out on Unreal Engine 3. If I were a betting man I'd say that there will be a lot of scalable features for UE4 to go from high-end to low-end to accommodate the aging PS3 and Xbox 360, much in the same way that DICE scaled Battlefield 3 using the Frostbite 2.0 down from it's absurdly gorgeous version on PC to the 30fps, 720p version that ended up on the Xbox 360 and PS3.

I guess all we need now is for Crytek to announce their newest version of the CryEngine and then we'll have a trio of next-generation game engines (i.e., Unreal Engine 4, Frostbite 2.0 and CryEngine 4) without next-generation consoles.

You can learn more about Epic Games and the Unreal Engine by paying a kind visit to the Official Website.

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