Peeps have seen it on the show floor and I guess the framerate is pretty poor and it looks like... yeah. Hint to MS: If you are gonna show CGI, promise near CGI quality, near-photorealistic, and blow PGR3 out of the water ("it is a launch title" - Dan), and list off a laundry list of graphical effects, well, you better live up to it!
GRAW had a nice upswing after its delay so there is hope, but everything from FM2 doesn't appear to have the right lighting or color balance and their early PR shots were horrible angles and they were dogmatic that they looked really good... I would have more confidence if they said, "WIP, and very, very rough we know, pretty ugly at this point, but most of the render effects are disabled for stability".