Crysis is a pretty amazing looking game and as far as textures, effects and resolution you can tweak it to look even better, not to mention it is a "large" semi non linear game with stuff happening all over.
Now, if by "graphics" we mean more than just resolution and textures, MGS4 is in a league of it's own in my book, due to it's exquisite realtime cinematography and state of the art motion capture which make those characters so incredibly varied and believable. God is in the details and this is first and foremost what i appreciate as far as visuals.
Purely techically speaking though, i don't think the consoles have juice to create Crysis visuals this gen.
"You have the right to the remains of a silent attorney"