Gears of War 2 - Unreal 3 Engine Demo

I was browsing around my RSS feeds tonight after having substantially hacking my wordpress theme (comments welcome) and I game across some Gears of War 2 info. So I started looking at YouTube and found the video below.

Gears of War 2 will be using the updated Unreal 3 engine and the following video shows what that can do when applied to Gears of War 1 levels, characters and objects. It looks INCREDIBLE! I am really looking forward to this release… but I think Call of Duty 4 and Grand Theft Auto IV should tide me over until it comes out.