The game is made for a seven years old console with 512 MB of memory.
I think it looks very good, BTW.
How in the world can you say that?
Even by console game standards a lot of the textures are beyond crap!
Stuff like the clothes are sporting textures that have huge pixels.
http://img688.imageshack.us/img688/5526/masseffect3dress.jpg
Take a look at the guys uniform, you can clearly see how low res it is even from this distance, never mind the fact that you get a lot of close ups of it in dialogue (and not just him, all of the characters look like that).
You also have hyper compressed normal maps on main character faces, really low poly counts on just about everything (including the non default player characters faces), nasty texture seams, low res DOF ect.
What is even more insulting is that they don't even bother to give PC players higher res textures (No way in hell the character textures in game are base asset quality) or even fix the low res DOF!