Here's that Unreal 4 trailer I mentioned:
http://www.youtube.com/watch?v=RSXyz...e_gdata_player
You've also got Crytek already modifying CryEngine 2 for the next gen, id has said that they're changing their engine after RAGE, and I'd be shocked if GTAV is running on the same version of the Euphoria Engine that LA Noire ran on. So the whole debate about graphics is pretty funny, as we don't know the stats of the new hardware, or what the new engines are going to be capable of.
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