Agreed I still play space invaders and model T is still damn fine car.
But, there's still a neccesary division between "good graphics" for a game type/genre. Shooters need to have a certain level of detail to allow target identification (in goldeneye and Wolfenstein 3d it was color contrast between model and wall) and such.
Pong's graphics are essentially perfect for what Pong is, but are Brink's graphics acceptable for what Brink is?