This gameplayer article explores the potential of the upcoming Wii exclusive game engine Quantum 3 with quotes from the developer and some info about the first game that is using it, The Conduit.
"If this graphical borax doesn't mean much to you, we'll break it down in layman's terms: they could well be able to create environments an objects that are on par with graphics seen on some first generation Xbox 360 games – and all of it will run at a baby smooth 30 fps (which High Voltage plans to bump up to a full 60fps)."