Unreal Engine 3 Not Revolutionary?

Mark Rein from Epic Games has made another statement regarding the Revolution. “It won’t be easy to take something HD res here to the Revolution. [We probably] won’t be seeing Unreal Engine 3 on the Revolution“, he commented in a recent interview. Mark went on to say that the Revo should do just fine with the Unreal 2 engine since Revolution won’t be running in high-def. Has Mr. Rein even seen a final Revo dev kit?