People get too hung up on graphics. Some of my favorite games are from the older consoles (PS1, N64, etc.), and a lot of the games that are coming out now have absolutely no good points apart from looking pretty.
Personally, I think all game companies who sacrifice gameplay for graphics should have to spend 10 years locked in a room with ReDeads and Pyramid Head. And when they're finally let out they should be dismembered with the Biggoron's Sword, set on fire, and then the world's population of gamers gathers to piss on the ashes.