this looks awesome 

Hot damn

Looks good, guess this is at least what we might expect in the future considering so many game developers use to Unreal Engine. 

Smoking: still cool. 
They should make a Colossus game. 
Still, this is like when a car game demos the level at night with rain. Its hard for something to not look good in that kind of setting. I'm more curious how it'll handle natural light, how it'll look in a setting that games actually take place in. All this tells me is the next Batman game will look badass.

Looks incredible, I'm interested in how much work has to be done by the artists for it to look like that though.  
 
Seems like we are still going to get quite a leap the next gen consoles come, which is great since the differences in graphics are probably going to get more marginal further in the future.  I'm hoping that once the technology is getting really close to photo-realism (in perhaps 10-15 years), art design is going to become the thing that people enjoy arguing about, instead of the tech.

That's very dark with some bloomy lights. And they needed 3 GTX 580 to run it in realtime. Not really impressed, not when we have things like Frostbite 2.

Can't wait for Batman: Gears of Bladerunner to come out.

Holy shit that looked amazing.

" they needed 3 GTX 580 to run it in realtime. "

It is impressive looking.Hopefully they show this video off in HD the HD screens that were put out looked pretty awesome

" That's very dark with some bloomy lights. And they needed 3 GTX 580 to run it in realtime. Not really impressed, not when we have things like Frostbite 2. "

Wow that looks amazing. I would like to see it in some natural lighting too though.

" Can't wait for Batman: Gears of Bladerunner to come out. "

some great effects in there!

That looked really good but I wished they showed a more brighter, colorful setting, not necessarily a jungle place but something like that would have been really impressive.  But that looked pretty damn good and I can't wait to play around with that engine.

They were using 3x580GTX's in the PC, they said as much. It did have MSAA turned on. The characters still look a little polygonal, but the hair, rock skin, and the reflections/lensing are super impressive.

Was it a straight CGI trailer or real-time like you would see in-game?  Moreover, what were the details of the upgrades in the engine?  Have they finally fixed the texturing problems they've had since they made the damn thing?  How long did this take to make in comparison to other things of its sort?  What kind of enhanced tools have been made in order to help third-party developers that will license the engine?  Is this a trailer for a future game release?
 
Lot of questions with no answers.

I hate to be the guy that says "who cares," but... who cares?  They proved they can make a really nice CG trailer with some interesting art direction (well, more interesting than the stuff they've been doing for a while at least), but how will this actually look in the context of a real game?  As stiff and "gamey" as a lot of Unreal stuff usually looks?

im sorry i just cant appreciate anything anymore... with this soul-rottening wait for BF3 nothing else excites or impresses me.. im exhausted
 
new Unreal engine? looks nice, thats nice.

I want the next generation console to be able to do this at 60fps at 1080p in bigger environments than this street scene. Granted considering that's running on 3 video cards that's a tall order, but I haven't really been pining for a new console generation until I saw this video.

Is this a trailer for a future game release? 

maybe Syndicate?

http://www.giantbomb.com/syndicate/62-315/syndicate-reboot-on-gdc/35-483955/

Notice there was no mouth animations... until they improve there, color me unimpressed. 
It looked good, but I'm not entirely sold.  Great animation (rockstar) > Effects / Filters (epic/unreal)
 
Now if this was a trailer for the direction the Unreal franchise was taking, I'd be hella excited. 
UT4?