And for those more than happy to keep repeating that graphics don't matter and refuse the fact consoles are holding back graphics development in games for years now:
Planet Elder Scrolls: What do you think was the greatest new development(s) of The Elder Scrolls games over the years? (3D environments, lip-syncing audio dialog, physics, etc.) --> also: non-appearance related developments. Actual gameplay changes, or developments in Bethesda’s approach to the series?
Todd Howard: Technically, it’s fully realized 3D environments. I think the main character and story in our games is the world around you. What the flowers look like, the chairs, the castles, you name it. Exploring that world is the key driving force, and as 3D graphics have gotten better, so have the games. People usually scoff the importance of graphics, but I feel it’s probably the number one thing in a game like this. It immediately puts you in another world, it suspends your disbelief and makes it feel new, or amazing, whatever you want to call it. We obsess over the world detail, and the art and technology to make that happen. Number two, I’d put the Radiant AI in Oblivion. It’s a really amazing system, and we only scratch the surface of it. What we could do with NPCs made the world come alive finally. Prior to that it was just ‘people as menus.’ They stand in place and you go up and click them. They felt totally dead. As far as gameplay, it’s old now, but the switch from an XP system to a skill reward system in Daggerfall really sets the series apart. The whole idea of getting better at actions as you do them becomes the ultimate gameplay carrot. I think if you put those things together, vibrant world to explore and improvement through action, you get the heart of the series. It just has a certain flow about playing it I love.
So there, they matter.
With that said, it's too early to tell how the game actually looks on the PC.
Just because you don't really care about graphics dosen't mean you want it to be plain ugly. I don't really care about graphics since most games nowdays look good, I don't need the particular game i'm playing to be the best looking game out there. Skyrim looks in my opinion fine so far, I care more about the design and artistic parts of the game.
I think Mount & blade is a good example of a game that is immersive and has a good feel to it but dosen't have that good graphics.