Take a look at the next-gen capabilities of Crytek's CRYENGINE.
DMU wins Off the Map Competition
A team of students from De Montfort University have won the Off the Map competition by using CRYENGINE technology.
Crysis 3 - First Screenshots
Crytek have released the first gorgeous screenshots for Crysis 3, set for release in 2013.
Crytek have announced the launch of a free CryENGINE SDK in August 2011. (Thanks for posting, Krallis)