Epsilon, a 64k intro by Mercury

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.