Re: Games and all things related
That's what Bethesda say, but it's really not that much more advanced than Gamebryo. Everything in the trailers that's not pre-rendered doesn't look much better than Oblivion with mods. The character models are significantly better but that's not really saying much, since Oblivions character models are all kinds of hilarious.
360 is the lead development platform, that's pretty much all that needs to be said.