I think that's a giant squirrel in the screenshot. I could find out if it is, but to be told it's not would only make me sad. And the cropping is odd because I refused to chop the tip off that magnificent sword the player is wielding. The two together can only mean one thing. Monster Hunter Online! It's the newly announced MMO based the Capcom console game that everyone on my Twitter feed seems to scrabbling around in. It's currently only planned as a Chinese free-to-play title, but we know such distinctions are meaningless and arbitrary in the world of PC gaming. If enough people want it, it will happen. Just ask publishers Tencent to run it through Google Translate.
It's running in Cryengine 3. Sorry, it's been "achieved" in Cryengine 3, and the general theme is that you hunt or capture a collection of monsters that appears to be a mix of dinosaurs, real-world beasts, and fantasy creatures. Hence the terrifying monstro-squirrel thing. I'm betting there are hit-points.
Ooh, it's a beaver, not a squirrel. Though I'd argue when they're armoured and huge that the distinction becomes meaningless. Are you playing the console game? Does the small leap it's made to the PC excite you?