Definitely is a great looking game.
I would wait for the "Best graphics this gen" remarks until it releases though, and we see it on big HD TV's!
What Uncharted 2 (My personal best) has over a bunch of other games is CONSTANT scenery that just looks well... Amazing.
The train chase.
The Tibetan village.
The ice caverns.
All amazing looking areas with totally different scenery for each. That's what makes Uncharted 2's graphics and engine so special. It doesn't just do the same thing over and over.
Looks like Gears is now following that Uncharted formula. Can't wait to see the final results!