Update! I thought I'd give you guys a look at the latest build of Unreal Engine 4, High Quality screens now in OP

[zarx]

PullusPardus said:
Something about Unreal Engine that it never seems to do light sources right, it looks like a neon LED light or some radioactive plasma.

Well UE4 supports several different lighting engines including Enlighten (which is what Frostbyte uses) and soon a GI lighting solution based on Crytek's Light Propagation Volumes.