Hmmm, not impressed by this outside of the mist. Everything else looks only a tad better then the best looking ps3 games and Halo 4. Obviously taking into account the fact that it'll probably run smoothly at 1080p, is open world and the textures will hold up under close inspection.

I need to see it in motion.

http://www.thereticule.com/wp-content/uploads/2012/09/Halo-4-CTF-Exile-Map.jpg

People were excited, Nintendo fans were excited and gaf loves to overreact.(and no, 90% did not say it looked next gen) I guess the only real way to prove if X is a graphical powerhouse by next gen standards is to come back when Fallout 4 is out or whatever open world games we start seeing on PS4-720  and compare.

C'mon man, it may not look like what you expect of next gen but it had and shoulders above Skyrim and Red Dead in terms of lighting, textures and draw distance.. It looks like a high end PC game. But yeah, I agree that I don't think that game should act as an indicator of what we'll see for ps4/720 in terms of open world RPGs. I suspect even the worst looking next gen games will be a few notches ahead of the standard we see coming from the wii U.

The most impressive looking thing in the screen shot, to me, are the textures of the ground and those trees in the background. This http://img844.imageshack.us/img844/3162/crysis2011032714560226.jpg screen shot Baron showed does NOT look better than the image shown in the OP.

edit: I should point out that I am making a few assumptions about how it will look like in motion when I say they are the most impressive looking things.

Oh yeah, its ahead of Skyrim and Red dead in a lot of areas, though lighting still goes to Red Dead from what i have seen (GTA5 is even better)

The game looks nice and should get some improvements before its out. But a graphical powerhouse? Nope. 

exactly, its not a powerhouse. Halo4, uncharted and the last of us all look better. i understand they arent open world games like RDR or skyrim but when it comes down to looks its better than X. also the lighting in RDR looks better than that in X from what i seen. but looking at GTA5 it looks like its looks better than X and thats on current gen consoles

How is anyone able to say whether this looks better or worse than Crysis or any current gen big budget title when the screenshot is so small?

Having said that, I do have faith in CDProjekt after Witcher 2.

Umm my skyrim on high setting with bleak enb looks much better than this. I'm not trying to cause arguments here but I expect a lot more from a supposedly "next gen" graphics. Still I would not make my final judgement based on this one image alone.

Look at what a PC can achieve with a simple enb mod on skyrim alone here:

http://skyrim.nexusmods.com/mods/24828
http://beautifulskyrim.yolasite.com/gallery.php
http://beautifulskyrim.yolasite.com/unreal-cinema---enb.php

And yes I can achieve those graphics on a 2 1/2 year old PC of mine.

The development kit is not the actual Playstation 4 hardware. That's not what next-gen graphics will look like.

For the consoles that are currently available? Yes! lol