Is it me or does this game have HORRIBLE, and I mean HORRIBLE graphical issues?

This was taken in Whiterun on high settings:

http://tinypic.com/view.php?pic=21aaepx&s=5

I mean seriously....
And there are MORE, almost every single road has stretches like that. Also faces are pixelized and textures that look good at a distance are HORRENDOUS on a closer inspection.

What system was that taken on?

A laptop with a 6990M, i7-2760QM and 8 gigs of 1600mhz RAM. Latest drivers as well.