Judging from the great videos I don't think these screenshots will be representative of the game.
I agree that people are expecting more from a PS3 game, else it would make more sense to make it a PS2 game, so PS2 as well as PS3 owners through backwards compatibility can play the game.
Oblivion on the PS3 IMO clearly is a game which looks beyond the PS2's capabilities, although I think the game engine doesn't even tap into the PS3's SPEs yet. Games like that raise expectations for future games which are expected to tap into the PS3's additional potential.







