This is what it currently can do:
http://www.giantbomb.com/the-unreal-engine-3-samaritan-demo/17-3887/
Be it on the best 3 nvidia cards and spec PC but this could easily be the norm next year and for the next gen consoles.

This is real time.

to me this looks better than the cryengine3 tech demo 

It does look pretty amazing, but I think I will hold my bladder until a brightly lit outdoor type demo comes in as you can hide a lot in a darkly lit scene.

Quote from: Clock'd 0Ne on March 10, 2011, 09:48:26 AM
It does look pretty amazing, but I think I will hold my bladder until a brightly lit outdoor type demo comes in as you can hide a lot in a darkly lit scene.

Even better is what they showed mate because you have ambient partial light and reflections galore there. Defiantly very good.

Something not quite there but will blow you away this year is Battlefield 3. MY GOD it looks good!

Oh yeah don't get me wrong the lightning and reflections are fantastic, but I want to see more of what they can do with textures.

Battlefield 3 will be immense.

good heavens. That's very impressive. At times you can forget its not video.