Digital Foundry writes:
"CryTek has completed development of its new CryEngine 3 middleware and released a new trailer demonstrating its vision for the engine's next-generation capabilities, along with new footage highlighting performance on PlayStation 3 and Xbox 360.
From what we can see, the "Next Gen" elements of the trailer appear to be about the scalability of the new engine and are most probably derived from the technology running on a supremely powerful PC.
The forest scene, for example, is hugely oversampled, but the lighting quality is absolutely phenomenal. The later scenes retain the high quality and showcase high resolution shadow-mapping and absolutely no "pop-up" whatsoever."