It's been announced that Crytek wants to reveal CryEngine 3 in GDC, and this time there will be capabilities to design games for gaming consoles.

Is it even possible that they want to bring it as a commercial engine?

CryEngine2 can run on consoles. Crysis has been seen running on 360 hardware, albeit in severely reduced form behind closed doors. This new version will likely be more scalable to consoles than two is. The main difference will likely relate to memory, allowing improved streaming of memory on consoles, which was the major hurdle with CE2 running on consoles.

I expect this version will cater for developers on all platforms and be very successful. It's easily the most versatile engine out there imo, I see no reason why it could not be a commercial success. There are many developers already using it, with games due this year and next..

Someone needs to provide a new engine so developers stop all flocking to the Unreal Engine 3 which is becoming a seriously overused engine in games to the point a lot of them look very similar.

CryEngine 3 will be Crytek's way of getting into the console market. Even if they don't create games for consoles themselves, they can get some profit by licensing out their engine and turning out the odd game here or there.

why not

Hopefully they've learned their lesson from Cryenginge 2 about optimisation.

Although I am a bit worried about how well the PC will handle an engine that's been streamlined for consoles.

Hopefully this is the case, I'm getting sick and tired of fucking Unreal 3 Engine texture pop ups.