Found this in a new GAF thread from SE's E3 presentation.
SE is still god-tier when it comes to CGI.http://www.abload.de/img/l_4fcebcbf53766vli85.jpgFamitsu's tiny report says SE is developing this in conjunction with their CG studio Visual Works, target hardware is next gen and they're hoping in the near future games can be played in real time with such quality of graphics. The project is called "Philosophy", and what was shown is a small part for everyone to see its potential.
http://www.abload.de/img/l_4fcebcc09a801ujdkd.jpg
http://www.abload.de/img/l_4fcebcc221623rait5.jpg
http://www.abload.de/img/l_4fcebcc295972kbfla.jpg
http://www.abload.de/img/l_4fcebcc332b56hjckb.jpg
http://www.abload.de/img/l_4fcebcc486efboidbj.jpg
Also: http://www.marketwatch.com/story/squ...-e3-2012-06-05