Yep.. FarCry and Crysis both had some incredible looking outside environments.. some of the best I've seen in first-person shooters. Crysis 2 on the other hand was a disappointment in that aspect.
Interestingly, this kind of realistic view just isn't used in Adventure Games, it recently occurred to me.
I'd LOVE to have an Monkey Island game with the graphics of Far Cry ! (At least judging from the screenshots I saw in the press and online.)