Miles Morales didn't look better than this as a whole. There's still plenty of aspects here that are an evolutionary improvement.Miles Morales runs at 80fps while looking better than this (which was running at 30fps BTW). This is directly caused by cross-gen development. Could even be cross-gen with PS4 and PC.
The first time I saw the cutscene without knowing it was Spider-man 2 I immediatly thought it was a PS4 / PS5 game. And where were those beautiful RT reflections? Is it developed by a new Team B at Insomniac?
Lack of RT reflections are noticeable, but not at all the defining aspect of the presentation makeup.