Two very interesting announcements were made this week at the new-and-improved E3.
Microsoft announced that its Games for Windows Live technology is being included in the Unreal 3 Game Engine.
Sony announced a partnership with Epic where the Unreal 3 Game Engine will be optimized for the Playstation 3.
What does this mean? The wikipedia has an excellent explanation of what a game engine is.
These developments basically mean that game developers will have an easier time developing for the 360, PC and PS3 because the Unreal 3 engine will be optimized for all three environments. This may level the playing field for those that feel one system is more difficult to develop for than another.
This also means lots and lots of cash in Epic's pockets. I would love to be at their post E3 party!