Disclaimer: I don't pay much attention to graphics. Having said that, I'm not blown away by TW2's graphics either. In fact, the pixelization caused by the fubar shadows takes it down a peg.

As a mostly open-world game, it's pretty good, but it can't compare to more linear games where the engine only has to render a corridor at a time.

But again, I don't really care about the graphics - give me back my fighting stances instead of more polygons ;P