Wired magazine posted an article on their website about Unreal Engine 4 which also has a few screenshots from the Unreal Engine 4 demo reel.
Is this demo having anything to do with their next big project? I have to ask coz this looks nothing Unreal at all.
Yeah, what will happen to UDK?
IF UE4 will be better then whats the point?
I may be in the vast minority on this but the engine so far is not impressing me. UE2 to UE3 was a vast improvement, this just looks like a minor update to the existing build of UE3 but with flashier particle effects.
There isn't much more an engine can be coded to do. All they can do is calculate the light better and develop new shaders to make things seem more real and make more intuitive tools. The high geometry detail already exists.
If you believe that, then the battle is already lost!
(There is so much more an engine can do that many do not).