CryTek has announced CryEngine 3, a new engine for regular games and MMOs alike and that's easily scalable and supports both PC, PlayStation 3 and Xbox 360. The developer is also touting the new engine is geared towards the next generation of consoles, i.e. beyond PS3 and Xbox 360.

Crytek GmbH is excited to announce that they will introduce their latest all-in-one game development solution CryENGINE 3, at this year's GDC Expo (March 25th - 27th) in San Francisco. CryENGINE 3 is the first development platform for Xbox 360, PlayStation 3, MMO, DX9/DX10 that also is truly Next-Gen-Ready - with scalable computation and graphics for all major upcoming platforms. It provides the complete game engine to create AAA quality next generation games, and includes the CryENGINE 3 Sandbox level editor, a production-proven, 3rd generation "What you see is what you play