Have to throw my few pence in (again). I've been playing rpgs since Ultima IV and I'm 'only' playing at 480P but my god; I've been waiting my whole life (and my wife feels the same) for this.
On my 32" CRT through the 5.1 it's imo quite staggering; ok I could fault the odd texture but the clouds, the butterfly that just passed me, the breeze, the storm clouds in the distance, the music, the ambience.
Historically because of the scale involved RPGs have always lagged behind the graphics of fps; morrowind was good but compared to far cry to paled.
Now this...
I've been outside 30 mins and for me as a trad. rpg fan it's staggeringly beautiful; maybe I'm easily swayed as I remember playing worlds full of pixelated sprites. I would say, so far imo for a RPG this can truly be called next gen.