Game:

Unreal (1998)

Duration: 4:05

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Video demonstration infront of your eyes is indeed in 'pre-rendered', it turns out I made a huge error, this isn't infact a game engine at all, but a Architectural landscapes created in 3Dsmax in which VAYA have won awards for.
None the less it's a pretty accurate representation of what graphics are to come in the next few years.
In my person opinion, this is the best game engine candidate for next-gen graphics, including textures, atmosphere, lighting, particle effects and the rest of the list :)
Again in my opinion, each scene you see is their version of what they would of created.
For eg. 1st Scene = GTA 5 or similar.
2nd Scene = Crysis (especially a certain camera angle)
Train Scene = Red Dead
Car = DiRT 4 or something similar. You guys get the picture.

So here's the latest game engines that have been created and confirmed so far:

Unreal Engine 3 - https://www.youtube.com/watch?v=RSXyztq_0uM
Unreal Engine 4 - https://www.youtube.com/watch?v=HUcutZTObfM
CryEngine 3 - https://www.youtube.com/watch?v=JWvgETOo5ek
Disrupt Engine - https://www.youtube.com/watch?v=FcMRkyoHKeA
AnvilNEXT - https://www.youtube.com/watch?v=06GN9P6dtnU
Glacier 2 - https://www.youtube.com/watch?v=bejccib5Emg
Crystal Engine (Tomb Raider) - http://www.youtube.com/watch?v=zIPtfaNo_ws
Fox Engine - https://www.youtube.com/watch?v=HjFWLEBFlOc
Luminous Engine - https://www.youtube.com/watch?v=HdGxUyGc1tg [Specs GTX 680 & 32GB Ram)
Unity 4 - https://www.youtube.com/watch?v=QDBoXwkTZcE
Source 2
Rockstar - http://www.youtube.com/watch?v=NiFyFrAmW1w
Frostbite 2 - https://www.youtube.com/watch?v=O8730SR1POk

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Deep Down WAS Realtime:
http://www.ps4site.com/yoshinori-ono-confirmed-deep-down-was-fired-on-the-ps4-in-real-time/

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