Yes and no ...
When I'm playing games like Mario Galaxy, de Blob, Boom Blox and Zack and Wiki I don't really notice how "bad" the graphics are because the artwork is solid, the gameplay is good, and there is such a lack of emphasis on graphics that it isn't something I think of. At the same time, when I'm playing games like Gears of War or Fallout 3 which try to be such "Realistic" looking games I constantly notice details which look really bad.
I know that it is a double standard, but it is how humans are wired ... People don't look at how "Bad" Homer Simpson looks because he is a cartoon character and we don't expect him to look realistic, at the same time you will notice how bad a lot of special effects in movies look because they try to make it look realistic.
