Graphics for long time gamers are awesome now. When you look at NES, Genesis compared to N64/PSX. Then you Compare PSX to PS2 and so on. The graphics are great, however, they haven't made my jaw drop since a games graphics are only part of a game. If there is one thing I have learned about this generation it's that a games can have jaw dropping graphics and the game play sucks.
To answer the question in the thread, as a long time gamer I have been impressed how far graphics have come. However, I have been less impressed by the games of this generation cause the games have been lackluster.