No. For me graphics isn't just the resolution, etc - which Crysis would win anyway - but what the engine can handle while giving yoy those graphics.
In COD4, KZ2, Gears 2, etc. the console requires sacrifices in physics, etc. to be made, limits on level size, etc.
On a decent gaming PC Crysis has not only great graphics but requires far less sacrifices.
In COD4 despite all the great sparks, etc. everything is essentially nailed down. KZ2 has slightly more destructible environments but still a lot of stuff is nailed down.
In Crysis, not only do you get at least comparable (and I'd argue clearly superior) visuals, but without those sacrifices. Little in Crysis is nailed down, and the maps don't force your path to hide how small levels really are, that coupled with the graphics for me puts it a fair way ahead of any console title, including KZ2 (which I'm playing and really enjoying BTW).
Try to be reasonable... its easier than you think...
