Sadly this very cool and advanced physics, and world building engine was canceled about mid summer this year, bought out by Intel.
Now, consider this for a moment...
Could Intel have known that Bethesda was going to be looking for a new engine for their upcoming game, and bought the software from Offset, just to broker it to Beth?
I know Beth usually uses their own software exclusively, but could it be possible that TESV will be using the Offset Engine?
If so, I would be pretty darn happy, The engine is extremely powerful, and is modder friendly, so it checks off everything on my list.