Capcom reveals next-gen 'Panta Rhei' engine, teases new IP

Taking the stage during the PlayStation 4 reveal event, the energetic Capcom producer Yoshinori Ono revealed a new engine meant to power the publisher's slew of next-generation of console titles.

Code named 'Panta Rhei,' Ono says that the technology is "the next evolutionary step of our MT Framework," which powers many of Capcom's current-generation software.

Capcom revealed the power of its new engine in a video that teased one of the new intellectual properties it plans to bring to the next generation; a game featuring plenty of dragons and fire. The game, which has the working title of Deep Down, is a medieval fantasy RPG.