Since Crysis 2 is delayed I guess it makes sense to look out for this game: It is called Nexuiz, coming to XBLA and PSN this winter. Been an independent freeware game on PC for a while, where it looked like this:
http://linuxtracker.org/torrentimg/s198c2aa057d30dfe40a5c7a10127ee9bf9445c517.jpg
Also cool dynamic shadows but keep in mind those required a current high end PC to run, so they will not find their way into the console version:
http://de.academic.ru/pictures/dewiki/78/Nexuiz_1_5_-_screenshot_15.jpg

Then during production for consoles (i think), still with the old engine:
http://image.gamespotcdn.net/gamespot/images/2010/060/990997_20100302_screen005.jpg
And now it looks like this:
http://scrawlfx.com/gallery/albums/nexuiz/july-13-2010/Nexuiz_2010_07-13-10_01.jpg

My conclusion: NICE!
And: In your face, UT3.

That looks pretty bad...

I have played the OSDK of Nexuiz, that game is pretty funny but not worth downloading.

The DLC version of Nexuiz on the consoles looks like it could be very good though.

[quote]That looks pretty bad...[/quote]
are you serious? the crysis 2 footage so far wasnt any better, were you disappointed by that, too?