You don't say! I thought that the fact EA owned DICE will ensure that their prime time engine will power most of it's competition games. XD
The fact that they put "next generation engine" might make it plausible. Afterall Activision has surely started working on a new engine years ago or at least licensed a new one. They know next gen consoles were coming so eventually they had to update the game from the ground up.
They are not going to let CoD fizzle out on current gen consoles or do some half assed next gen Quake 3 engine port. They need to stay infront of the competition that is gunning for them
You all think there will be a new engine? I find it hard to believe since this is coming to current-gen consoles. They're not going to do anything to sacrifice 60FPS.