It will have a good graphic.
But overall I would say no at the moment.
The footage I saw was partialy impressive but not that special. And Screenshots are mostly tweaked. screenshots of a game never show to me how it will look in the end on my tv.
Imo its senseless to compare screenshots even videos are compressed and wont show the full game how it looks in the end. In the moment it looks promising but I will wait until it runs on my tv.
The people from MTV germany visited remedy already and they played parts of the game. They werent that impressed. If it would be the best looking game to date they would have mentioned it.
BTW:
I think this game will proof if the Xbox360 is already on its limits. 5 years development and an own engine. If AW wont be on Uncharted 2 level then i dont think 360 cant beat PS3 anymore.