I'm confused... the graphics all look fine to me.
Same here.
I think people were expecting some sort of improvement for current gen consoles, especially since they claim that the game is only for current gen consoles and that there are no plans for a last gen port.
There's lots of improvement I can see from the trailer already. Higher texture resolution for environments, better depth of field visuals, a LOT better lighting effects, better shadows, characters have a more natural look about them, etc..
I'm not really to hung up on the graphics to be honest. I mean it's not like people ( myself included) aren't going to download a whole bunch of ENBs, Lighting, and Texture mods the minute they come out.
Same here. Besides, I'm entirely comfortable with FO3'ish graphics. They don't distract from the game experience at all and I'm pretty much running the game vanilla as far as graphics go. I don't need every game to look like Crysis 3, Battlefield 4 or The Witcher. Nevermind that now-gen consoles can't handle that level of graphical fidelity anyway, because they, whilst certainly a lot higher performant than last-gen consoles, are still way behind the the performance that's recommended for those graphic blockbuster games, let alone max them out and maintain a stable framerate at acceptable levels.