The worlds most advanced gaming engine, the Unreal Engine 4, will be bringing its power to the mobile. The technology was shown at the SIGGRAPH tech conference. The engine was displayed running on NVIDIA's next-gen mobile GPU. The mobile GPU uses architecture that is used in PCs today.
Epic's CEO stated that the demo ran on OpenGL 4.3, a feature which "brings to mobile devices the same high-end graphics hardware capabilities exposed via DirectX 11 on PC games and on next-generation consoles."
In other words, today's PC and console gaming standards will soon be that of mobile gaming.
If you're not familiar with the Unreal Engine 4, here are a couple of cool demos release awhile back to get you excited.