Looks like inFamous 1. Maybe a slight bump but nothing to cream your pants over. This is an open world game. Anyone that thinks an open world game on consoles will be graphics king doesn't realize how demanding a game like this really is. It looks great, no doubt, but graphics king? That's jumping the gun a bit.
While I agree that "graphics king" isn't what this is going to be (although I'm pretty sure Smoked was being quite sarcastic) it's defintely a step above inFAMOUS. The character models are already ahead and that's with at least a year's dev time left. No, it won't be the next Uncharted, God of War, Killzone, or Gears of War, but it's already shaping up nicely from a graphical perspective.