I hate pointing out when people say this, but "next gen"? It stopped being "next gen" about 2-3 years ago. This is current gen. The PS3 has been out 5 years and the Xbox just about 6!
Otherwise why not play Jonah Lomu Rugby? That's ridiculous, that's taking the point on graphics to the extreme. Some people are saying that graphics are not that important in the context that they don't need to be quite leading the field. They can be "okay" by current standards rather than "wowing" people and the game could still be awesome.
That's because there are other factors. If you have awesome gameplay better than ever before, incredible animations and solid physics, an almost perfectly bug-free game, smooth online play and just "okay" current gen graphics, it's not the end of the world about the graphics surely?