For those that like to see realtime demo's of Game Engines Crytek has released along side their announcement, a new demo highlighting some of the new improvements in the new Engine check out the video below.
CRYENGINE is the first PlayStation®4, PlayStation®3, Xbox One™, Xbox 360™, Wii™ U and PC all-in-one game development solution with scalable computation and graphics technologies. By using CRYENGINE, developers can ensure they always stay ahead of the game -- no matter what lies around the corner.