Crytek's CryEngine Produces Notoriously Good Graphics.

Aside from offering cutting edge next-generation graphics, CryEngine 3 is able to simultaneously test games on PC, PS3 and XBOX 360; so even if you don't know how to develop for the PS3's Cell - the CryEngine 3 will optimise the game.
[quote]
"With its scalable graphics and computation it is next-gen-ready and with new features like CryEngine 3 Live Create the best choice for game developers and companies developing serious games applications alike," claims Crytek boss Cevat Yerli. "It is the only game engine solution that enables real-time development and can ensure teams are able to maximize their own creativity, save budget and create greater gaming experiences."</blockquote>

Hopefully we'll see some great games from the engine in the future. It's going to be a few years before we see the results though, right?