I like idea some pc gamers gonna hate this inb4 hate

Supposedly, the new engine will auto-detect your hardware and set the graphics quality for you so you can maintain 60 fps.
The only options we will be able to edit are resolution, brightness, AA, and GPU transcoding.

http://www.idgames.de/showthread.php/12896-idGames-Exclusive-Interview-with-Tim-Willits

I'd imagine we'll be able to tweak things ourselves through the console so it's nothing to get to worked up over.