http://www.eurogamer.net/article.php?article_id=60928
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Great news, but that was known ages ago......
This new has been known since they showed the thing because he rotated the camera and everything. How could it not be real time? Doesn't really matter since there is no A.I., physics engine and all the other things that get incorportated into gameplay going on and this is on unfinished/unfinalized PS3 hardware.