Not new, its been around at least 2 years or so.
The engine is anything but dead.
It’s just not aimed towards amateurs so you don’t get a billion trash projects out of which 3 eventually reach publication.
I believe KingdomComeDeliverance was also cryengine (either way a very poor representation of quality so you can probably ignore it).
Crytek is allegedly (they are hiring) working on crysys 4, so we are hopefully going to see quantum quality leaps yet again.
And I think their last published was Hunt showdown. Never played it. No idea / not my style either.
Development wise, they released another long term service update not long ago - unlike epic, who doesn’t even bother providing service 