To follow up on Union's helpful remarks: I work in production and spend 5 of my 8-hour days, 5 days a week, poring over giant mock-ups of book cover designs in various formats, CGI illustrations, and ebook designs online, for the most miniscule of errors. There IS a difference in the texture quality, especially water texture quality, as well as in the fog effects, since downloading the patch. Whether this is universal, I obviously cannot say. But for me, it's there.
I guess i should add that my patch is the US version. Not sure if that matters, but figured it cannot hurt to state it.
Its not going to affect my enjoyment of the game, don't get me wrong. Its just that it looked way better before the patch, and for Bethesda to come out and say that the update didn't affect anything graphical is totally wrong.
Like i said i work in design, and i noticed it right of the bat after installing the new patch. Its not my eyes, its not my PS3 and certainly not my HDTV. It is definetly something to do with the latest patch released, and something should be done considering the ONLY issues i had before was just a few seconds skipping here and there, and some audio issues which didn't bother me that much.
UnionK