Take a look at the next-gen capabilities of Crytek's CRYENGINE.
CryEngine - Showcase Trailer
Crytek have released a trailer to showcase their CryEngine technology.
Crysis 3 - First Screenshots
Crytek have released the first gorgeous screenshots for Crysis 3, set for release in 2013.
CryENGINE 3 - Free for Non-Commercial Use
Crytek has released a full version of their amazing CryENGINE 3 for free, for non-commercial game development.