The Art of Rendering (April 2012)
A description of the different techniques used in high end rendering and the major engines.
The State of Rendering (July 2013): part 1, part 2
A lengthy overview of the state of the art in high end rendering, comparing the different tools and rendering solutions available, their approach and design choices, strengths and weaknesses as well as the consequences in terms of quality, scalability and render time.
(Brace yourselves for the massive tag list hereafter.)
Last weekend the demogroup Mercury released at Tokyo Demo Fest the final version of their invitation to the upcoming Revision party: a 64kB demo called Epsilon. While the complexity of the scenes is very limited, the rendering, seemingly a raymarching shader, features a couple of very noteworthy real-time effects including ambient occlusion, reflexion (up to two iterations it seems) and refraction, caustics, and an hexagonal bokeh depth of field.