The new CryEngine 3

Crytek showcases their new engine, CryEngine 3 which at first glance looks very similar if not identical to the old engine. Overall, it is the same thing with maybe a few updates in physics and such, but that is not the main idea behind it. Its basis lies in the fact that it can now be used in most consoles such as the Xbox 360, Playstation 3 and of course the PC. It also has scalable computation and graphics so that all major upcoming platforms can utilize it as well.

Here is a video showcasing the new engine: