I think it depends on the photo realistic game. Some do and some don't. Horizon and GoW have style. I found GTA to completely lack style. So it changes from game to game. I have nothing against photo realism, as long as style comes with it. RDR2 is another game that looked pretty but lacked style, IMHO.
Fair, although I think RDR2 have a good art style and atmosphere.
duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"
Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"