Yes it is.. You havent seen white engine in action? (Im perhaps wrong of nomura i think nomura developes the versus version and Motomu this one)
Part of Interview Before the trailer..
Q: "If you look past the visuals, how will FFXIII be a game for the next generation?"
A: "It's never solely about graphics, but at the same time you can't deny the meaning of the looks for the experience as a whole. The technique allows us to create characters so realistic that the player perceives them as being alive. It adds something emotional to the entire game experience. Which in its turn makes the combat system feel different since you care about the characters and you feel for them in a way that you've never done before. When you play FFXIII, it feels like you're controlling something that's not a 3D model, but a real creature."
Also i try to find the video of white engine on youtube if i can still find it.
They are maybe going on multiplaftrom too.. Also the new game what uses Unreal Engine 3. Last Renmant is looking good aswell.. That is confirmed that it is coming to x360
EDIT:
White Engine Video ->
http://youtube.com/watch?v=gXA1uqnGn48
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