I'm curious if Bungie has developed an entirely new engine for Destiny. I could imagine it's some gorgeous frankenstien of the previous engine too.
I still have yet to see any VFX examples from the trailers and can't wait to see how they look. (Aside from the one clip of an alien 'channeling' energy)
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I'm pretty sure they used the Reach engine as a base and then gutted and re-tooled it from there.