Ok, I ran crysis on medium settings and it looked great. My computer is actually below average according to 3Dmark06 so if you cant play this game on at least low settings (where it still looks pretty damn great) then you need to buy a new computer, now.
I have mixed feelings about crysis overall. I've only played it once through and the only review/preview that I had read about it before jumping in was the review in pc gamer were it was awarded a 98% so I had high expectations for it going in and was under the impression that the graphics were spectacular, the AI was brilliant and the sandbox style game play was a gaming breakthrough. Needless to say, I was *slightly* disappointed. Obviously the game had some problems; the guns were annoying to use, sort of like Halo, unlike COD4 in which I enjoyed using the guns, the AI was not brilliant but was very good, the graphics were spectacular even on medium settings, and overall the game was very enjoyable.
Crysis does 3 things really well - graphics, sandbox style game play, and most importantly - pretty much completely destructible environments that add to the sandbox style game play. If you didn't like the fact that you could lead enemy soldiers away from the area you are trying to get through, take them to a gas station, stealth mode around them to a vantage point as they walk around looking for you, shoot the gas pump and orgasm all over your monitor, then you simply are not human.
Crysis deserves game of the year because it lets you complete your objective how ever the hell you want, even if what you want is to drive a truck into a house, knocking the walls down, then walking out shooting the engine and blowing the Koreans to hell.