Looks really good, I'd say it probably looks a better than Forza 3 in some areas, not as good in others. The lighting is fantastic. The same tree repeating over and over during certain stretches really ruins the sense of "realism" but I'm sure you're not looking at that while driving.
However it's not all about the graphics, how does it play? What options are they for customizing your car? What is the online experience like? I guess we'll see when it's released next year.













