Dear Pete Hines and John Funk;
There is a difference between graphics fidelity in the name of immersion and good game graphical design in the name of immersion.
Battlefield 3 is going to be a gorgeous game by anyone's definition, and I feel that's got a good footing in both graphical fidelity and graphical design, as does Mass Effect.
Final Fantasy 8 has, for it's time, some fairly good graphics, but the design of parts of it, like Esthar, remains immersive and interesting to this day.
Hell, if someone would just make me a free-roaming sandbox game in that setting, even if it ended up being a GTA clone or something, I'd buy it.
EDIT: ninja'd. Oh well, I expanded on my thoughts.