I think the graphics look pretty sweet. To be honest, I didn't think they were going to look that good. Beth scrapped Gamebryo for a new in-house engine, so I'm surprised they even had to to up the ante that much on graphics.
What I've seen so far, the graphics look very nice. Did anyone even see that Nord womans face? It is true, there are better graphics out there, but Skyrim is MUCH closer to industry standard than any other Beth game. Give them some credit, it looks pretty good.
I would be happy with Oblivions graphics, as long as they fixed the Robotic animations.
You know, I'm quite happy myself too.
The only thing I can see be improved is the HDR and Dynamic shadows. They are great features (HDR is obligatory nowadays though), I'm especially glad for the shadows, don't get me wrong.
Judging from the screenies though, I think that Bethesda should tweak the HDR and Dynamic shadows a bit further. I'm hoping for that.
It can make Skyrim look more Crysis-like