All you have to do is watch the video to see it looks great. Jpegs set to compression= 80%=meaningless. I can find (or make) bad, nay terrible, pics of ANY game.
The photos above still look quite good actually as a whole. But low res jpegs highly compressed from a further offscreen poor quality vid will make a game look bad.
Those are gameplay "screens" from the low res offscreen GDC tech video. Already linked in one of my posts recently via youtube. Capturing screens from a low res video is one sure way to make any game look bad, when normally it's bullshots that are posted.
Even in those pics, some of the texture models look bad but the gun model is very impressive.
Here are some more traditional screens.
http://www.incrysis.com/index.php?option=com_content&task=view&id=851&Itemid=1 I think if you want to compare it with other games using those posted screens, maybe screencap those other games off gametrailers flash videos for a better compare :0 And even then you will not be approaching that low quality.
But I'm not saying it's all roses with the game. Some of the rock textures look rather plastic there. Definitely the worst looking area of the vid.