That is SO not true. Even games with bad graphics can be awesome and I would personally still buy it. For exemple, older final fantasy, zelda etc...
If Skyrim came out on 11/11/11 with 1994 graphics, you would NOT get it.
EDIT: To Talos, that's so stupid(don't report me, I'm not insulting YOU), the notion that graphics aren't important is stupid... if Skyrim didn't have the graphics it does, it would be QUARTER the game it is now.
Yes, I find story and gameplay more valuable - Morrowind is a prime example(actually, the gameplay was pretty awful...) but anyway, although they are important, the graphics are NEEDED for a modern day game.
The story in Skyrim isn't even that good, anyway.