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I don't know but it seems this game is using te Unreal Engine 3, the same engine as MU2:
So what I want to say is that both games look similar in terms of visual, I wish LE used Unreal Engine 4 because the game would look much, much beter than any other current MMO, and also UE4 would decrease the procudtion time/costs due to its very easy development tools.
They took 3 years to develop LE so far? They coud take 1.5 year, 2 years at maximun to do the same using the Unreal 4.