My TV is set up so that most games look fine at their default brightness setting. Dishonored was fine to begin with - on the calibration screen I could just see the far left symbol and the graphics looked good. However, upon reaching the Hound Pit Pub and going on the first mission the game looked washed out and the low res textures became really noticeable. I had to lower the brightness setting about 10 notches below the "correct" setting to get the graphics looking good again, with properly dark shadows. On the calibration screen half of the symbols were too dark to see but the in-game graphics were fine. I went back to the prologue and prison level and the graphics were now too dark at this new brightness setting.
It's clear that the in-game brightness changes after the sewer and is set too high. So if you're finding the graphics less than impressive try setting them again after the sewer and use your own judgement, not the in-game calibration.
Edit: But now with the lower brightness setting Dark Vision is too dark! I can see people through walls okay, but I can't see my surroundings very well, even though it says in the description that Dark Vision should let you see in the dark. Oh well, that should stop it being over powered...