It looks like a PS3/360 game to me, and don't first-gen games on new systems generally look like late-cycle games on the previous gen?
It's like you're just trying to pick a fight or something, the game looks pretty good, and they have time to polish it up before release.
The game is being released in 2012 on a system with (slightly better than) 2006 tech, with 3rd party developers (like Ubi) who have become quite comfortable with HD tech for over half a decade of console development.
It should look considerably better, or at least up the standard of current PS360 games. It does not.