Development began on the Unreal Engine 4 shooter the moment they announced, and Epic want to actively have the community help develop it, as in actually make it with them.
The studio will be focusing first and foremost on the PC version, and the alpha of the new Unreal Tournament is expected to be available in a few months.
Of course to actually assist Epic in developing this new arena shooter then you'd need to have access to the Unreal Engine 4 development kit, which just so happens to require a monthly subscription. Sneaky. However if you just want to play it and give feedback, or just play it, then it'll be in your hands at no charge.
A marketplace will eventually open for modders and fellow game makers to peddle their wares for the new Unreal Tournament, with Epic taking a slice of the pie for themselves. It's through the UE4 subs and these community-created wares that Epic intends to fund the new game.
To find out more about this new Unreal Tournament visit the.