Unreal Development Kit Released
udk.com
udk.com
I think the indie game scene in particular, which often releases their titles for free, can benefit tremendously from having these tools available.
As long as you're not using a UDK app to generate revenue, it's free.
And don't worry about the bit saying "[you'll need to buy a commercial license to] distribute an application you've created using UDK", it was cleared up by Epic shortly after: http://www.shacknews.com/laryn.x?id=21329409#itemanchor_2132...
I grew up playing UT99, UT2k*... UT3 was a tragedy on the PC but nevertheless, Unreal Tournament was the reason I got into my first startup. We licensed our tech to Quake Live but yeah... there's a reason we died, Oracle is too expensive for game developers given all the other costs associated to development.
This changes a lot of things. I know there will be a lot more interesting output from my school now that Unity3D and the UDK are free.
http://www.katsbits.com/htm/tools_utilities.htm#unrealI think we'll see a lot of casual games with amazing graphics.
BTW: their commercial licensing for redistribution is great: $99 + 25% after the first $5,000