I agree, it's about time . .

They have been working on the engine for some time, with some early work being done on the CryEng 2, which ran on both Div9 and Div10 specs. There's various comparisons on the net if you go look. Sure, there's a decent difference, but for the most part, the two are decent for any game really.

It has been shown running on a 360 console (Crysis) and was shown at a game dev show once, then hidden away again very hush hush and denied it existed.

I think it will breath a fresh life into the engine fields, and help push other developers to build better engines. There are some excellent engines around, but get overshadowed by the likes of UE3 etc.

Good on them I say. The more the meerier

It just depends on where one is from, Optimised or optimized . . .

Note the two different spellings http://www.thefreedictionary.com/optimised