CCP is currently hard at work with Dust 514, an online shooter that will tie in with their MMO EVE Online, and have now announced that they are working together with Epic Games' Chinese branch and have licensed the Unreal 3 Engine for the game. At the same time, they've licensed Geometrics' light engine, Enlighten.
We're still waiting for more news about Dust 514, and hopefully our boys at GDC can get some information from CCP when they meet up with them during the conference. Watch this space!