Well, Vue takes things to absolutely ridiculous levels in some cases, the sub-ray iterations beat the pants off of most software rendering systems, and when it comes to Radiosity etc, Vue beats just about every other renderer on the market for speed, including Lightwave and 3DS Max, however, we are talking about a program that calculate caustic refraction from both the polygonal and normal values of the surface of a liquid, so you get physically accurate caustics etc, it is a very big, hungry renderer, but at its highest level, it's about as close to photo-realistic as you can get.
That's why Industrial Light and Magic use it

Edit: In fact, there was an interesting YouTube hoax, and I can confirm that it was a Vue render because I recognise the style of it...
http://www.youtube.com/watch?v=up5jmbSjWkw