According to Epic Games announced,

Next week at the Game Developers Conference , where the latest Unreal Engine 3 engine features will be demonstrated alongside free advanced training sessions for existing users, the introduction of an integrated MMOG back-end environment, and closed door presentations for its prospective customers, evaluators, licensees, members of its Integrated Partners Program and the media.
Unreal Engine 3 is the third generation of Epic Game's Unreal Engine designed for DirectX 9/10 PCs, the Xbox 360 and Playstation 3.Unreal Lightmass, a new global illumination solver, will be shown for the first time at GDC.A new content browser and search engine will also be unveiled allowing designers to easily locate game assets without having to manually open up files to find them.Another feature to be shown is the Unreal Master Control Program or MCP.

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