Finally. This cannot be the xbox hardware. People say that it's outdated etc..but that would mean almost every new release would have complaints about graphics. Yet, this is the first game in years that I have picked up and said, oh my gosh these graphics are so bad I can't play the game. I'm not even that picky. The graphics are original xbox quality for me. Not right.
At one point I think developers were developing with the Xbox 360 as the targeted system. With it's 5 year old hardware many devs have mentioned that they are now developing for the higher end and compiling 'down' for the Xbox. Like you have said, other games have better looking graphics but perhaps with the smart movement and the other items they could not put as much available resource to graphic rendering.
Does anyone else wish they gave us the sordid technical details instead of passifying statements like, "We love multiplayer toooooooooooo!"