Unreal Engine 3 is the de-facto standard for gorgeous games these days, Valve’s Source is the standard for mods, but Sony is trying to fight that dominance, while at the same time making it a lot easier for developers to make games. The company revealed the PhyreEngine at GDC, a free (like totally free) graphics engine for PS3 and PC games, which will include the full source code, artwork, rendering pipelines and example game templates. This will certainly be good for new developers, who don’t have millions to shed out to UE3 and other commercial game engines.