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 always thought Bungie used an in house engine called Blam! So with that assumption it's probably the same engine they used on Reach which in turn is from the previous Halo games.