Chatting with Gamasutra
during Seattle's recent GameFest, Epic Games' Mike Capps confirmed progress on Unreal Engine 4 mentioning that it should be ready for debut "...in the next console generation - our rough guess is 2012 - 2018." Interesting too was confirmation from Capps that the UE4 will have "console focus" where "version 4 will exclusively target the next console generation, Microsoft's successor for the Xbox 360, Sony's successor for the Playstation 3 - and if Nintendo ships a machine with similar hardware specs, then that also. PCs will follow after that."
One can only try to imagine what the next console generation will bring in terms of graphics and physics, especially seeing how amazing some games
look using the Unreal Engine 3. One can only dream. But we're welcoming the next, next generation with open arms as we say; bring on the pretty!