Far Cry 2 Ray Tracing Movie - Updated

A new Far Cry 2 video on German site PCGH is a clip from a presentation at the IDF showing off visual improvements that can be achieved when graphics are rendered via ray tracing rather than rasterization. The impression they walk away with is that "Intel seems to be confident that this will happen soon." Update: There seem to be real doubts that this footage actually demonstrates ray tracing.