Hideo Kojima announced the new tech at Konami's pre-E3 event. He wants it the "best in the world" and showcased a tech demo of a boy exploring a lush jungle.
Kojima-san called 2011 a "year of preparations" and teased that E3 2012 would be hosting announcements for his plans in great detail. The tech demo had nothing to do with what he's been working on for his new game.
Are you still holding your breathe for more Zone of the Enders?