The iPhone 3GS has been touted to be the fastest iPhone yet, and apparently it is good enough to run a version of the Unreal Engine 3 by Epic – yes, you read that right, it is the similar engine featured in high powered games like Gears of War 2. While the iPhone 3GS has such capability, this news is somewhat dampened by the fact that there are no games or licensees announced who will be using the engine – yet. We had told you that the 3GS would see more and more such cool stuff overtime and this is far from over. Video in the full post.