Current Gen is maxed out according to Crytek

According to Crytek boss, Yerli the current generation of console, PlayStation 3 and Xbox 360 are maxed out. He said, “I think that there is not much more possible on the 360 and PS3 at this stage. We’re already using a lot of squeezing tricks and smoke and mirrors to get the maximum we can out of the hardware. We’re pushing the boundaries already. With CryEngine 3 I think going forward we’re going to require a new generation of console hardware”

“With the next generation the convergence of GPUs and CPUs will mean you have greater-looking worlds,” Yerl continued,” but also better-simulated worlds. I think we need better animation technology, too – so, mo-cap but also physics-based animation technologies. We need better simulation of intelligent foot-stepping, anti foot-sliding; just balancing the characters better, and having them react believably.”