Mark Rein from Epic Games is confirming that apparently the new Unreal 4 engine is up and running on at least some of the next generation systems. Rein confirmed during the DICE summit that it was up on next-gen systems, but he can’t confirm which systems those next-gen systems might be.
Rein also said during a talk at the DICE summit that the Unreal Engine 4 is running on a variety of hardware, which we assume also means that the Xbox 360 and PlayStation 3 versions of the engine are up and running as well. The engine will be unveiled later this year and Rein claims that people will be “shocked when they see how much of a profound effect that the new engine is going to have.”
So far, no upcoming titles are confirmed to be using the new version of the Unreal Engine; but we suspect that more announcements are coming at a later date. Rumors suggest that Epic has the Unreal Engine up on the new Wii U console, but those reports are unconfirmed.