Epic Games unveiled a jaw-dropping real-time demo of its Unreal Engine 5 technology. The engine, which Epic says will launch next year, was shown running on PlayStation 5 development hardware, though the company said the same general level of fidelity should be possible on the Xbox Series X and high-end PCs as well. And it shows how the state-of-the-art in graphical quality on those platforms is quickly advancing past resolution and frame rate counts and toward new levels of lighting and modeling detail.