Well to be fair you're judging a screenie of character models vs. map scenery. Not really the same thing. And I think it is better than Oblivion as far as the denseness of the jungle and of course how it reacts to your guns and just movement. And of course, the water in Oblivion looked really bad IMO. Oblivion still is increadible for how it looks and it was pretty far ahead of it's time, so I don't think you'll see anything REALLY radically different from that. A bit better graphics with better physics is my guess.