DICE's Kenny Magnusson gives an in depth look into all the technical details that make up the beautiful Frostbite 2 engine.
https://www.youtube.com/watch?v=RBe9pZyy9bQ
https://www.youtube.com/watch?v=oe6OKXZQRJQ
https://www.youtube.com/watch?v=CBp_qcDRG68
Replies
http://www.udk.com/features-lighting.html
UE3 has realtime lighting in its latest releases.