As outlined in their joint statement, the deal has Sony "sublicensing rights of Unreal Engine 3, a complete games development framework developed by Epic Games." By "complete," Epic means that the engine "includes a programmable shaders tool, physics engine, and GUI [Graphic User Interface] based physics attribution tool, along with various other tools, such as scenario development, movie scene development, animation and particle animation tools."
There is also speculation now that Unreal Tournament 2007, already in development for the PC, will be ported over to the PS3 sometime next year.Sony licenses Unreal 3 engine for PS3 development
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Sony's Kutaragi: MS playing catch up with PS2? (10 June)
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