Unreal Engine 4 Already In Production

Looks like the successor to the current Unreal engine is already in the works. This engine will be for the next generation of consoles first. This includes the PS4, Xbox 720, and the Wii 2 if its hardware is capable. Oddly, the PC version will come after the console versions. Expect to see this engine anytime between 2012 and 2018, which is the window for the beginning of the next generation of consoles.