"We would love to help but we have a policy not to discuss terms for Unreal Engine 3 source code licenses with potential licensees e-mailing with public ISP email addresses or free email service (hotmail, yahoo, qmail, virgin.net, etc). We can only deal with established, properly registered companies that have their own domain name and e-mail services."
The main question is what do I have to do to get that engine? Would our university's email work on this? I tried to send myself email from yahoo account before trying it out on the unreal page, but it didn't worked out.
My interest in it grew rapidly after watching some videos of what it can do and how it pretty much works.
If anybody else got interested here's some brief explanations of how it works.