I can't tell if it's a texture glitch or the game, but it looks horrendous.
Yes. This was one of the new features I was especially looking forward to. Oblivion looked bad (which I totally loved) but when Todd was all like "yeah, so this time around we are going to intentionally make the textures look bad" I was so stoked.
And then I stopped being an idiot and wondered why people made horrible threads like this one.