Mark Rein mentioned Epic expects 300-400 games will be created using Unreal Engine 3 this generation of conoles.
http://money.cnn.com/2006/08/22/commentary/column_gaming/index.htm
The article also points out EA has scrapped the Criterion engine that was going to be used for Medal of Honor: Airborne. The game is now using UE3 as well a another game titled "Dead Space".
While Epic has licensed previous versions of the Unreal engine, it has always been a tangential player in the market. Roughly 60 games used Unreal 2, mostly on PC. (The engine simply wasn't a good fit for consoles.) Mark Rein, vice president of Epic, expects 300-400 games to use Unreal 3 by the time we begin to see the PlayStation 4 and Xbox 720 (or whatever Microsoft and Sony decide to call the machines).
http://money.cnn.com/2006/08/22/commentary/column_gaming/index.htm
The article also points out EA has scrapped the Criterion engine that was going to be used for Medal of Honor: Airborne. The game is now using UE3 as well a another game titled "Dead Space".