http://www.tgdaily.com/content/view/36436/118/1/1/

TG Daily: Let’s talk about your game visions for the future and the next Unreal Engine? Where is EPIC going with the Unreal Engine 3.5 and 4.0?

Sweeney: The Unreal engine is really tied to a console cycle. We will continue to improve Unreal Engine 3 and add significant new features through the end of this console cycle. So, it is normal to expect that we will add new stuff in 2011 and 2012. We're shipping Gears of War now; we're just showing the next bunch of major tech upgrades such as soft-body physics, destructible environments and crowds. There is a long life ahead for Unreal Engine 3. Version 4 will exclusively target the next console generation, Microsoft's successor for the Xbox 360, Sony's successor for the Playstation 3 - and if Nintendo ships a machine with similar hardware specs, then that also. PCs will follow after that.

Also, we continuously work on transitions, when we go through large portions of the engine. We completely throw out parts and create large subsystems from the ground up, while we are reusing some things that are still valid.

Wow I guess the sales of UT3 really pissed them off

off-topic: Love the Doug avatar.

So long, and Thanks for all the Fish

^ What? LOL

Read the Hitchiker's Guide to the Galaxy and don't return to this topic until you do.  Just kidding...about the second part.

Epic is seeing where the money is. They are at the mercy of a console lifecycle like everyone else now. PC gaming with UE3/UE4 is a niche market and will continue to be until major changes are made to it. 

^basicly intel needs to screw off with their integrated trash, AMD's integrated cards are at least decent.

"Version 4 will exclusively target the next console generation, Microsoft's successor for the Xbox 360, Sony's successor for the Playstation 3 - and if Nintendo ships a machine with similar hardware specs, then that also."

So much for that microsoft buying epic rumor?

Why do you say that? There's no hurt in getting your very popular engine to run one more platforms to make more money.

Just becaue their engine works on the PS4 doesn't mean they would make a game for it. 

If they want to abandon the PC market I honestly can't say I'm sad to see them go. I'm completely underwhelmed by the UT3 offering and if they feel like being shunned in sales for what they offered in UT3 means this isn't the market for them...well then heres the door (pretend I'm pointing too the door/exit....).

Before UT3 launched I had a very high opinion of Epic but the demo, the game, and the crap they've said in public have almost completely reversed that opinion. Still though, good luck to them on the consoles maybe they'll find what they're looking for there /shrug