I voted "maybe."
I'm not saying it doesn't look good. It certainly does. I've seen this game in motion on a good tv, and it looks WAY better than those screenshots in the OP.
But damn, the most-popular hosting sites don't do games any favors when it comes to screenshots.
IMGUR and PushSquare, or whatever else compression-heavy sites people tend to use just straight up destroy images.
Combine uber-bad compression with amateur-level photography, and you have down-right bad-looking images.
The screens in the OP don't impress at all. They're blurry as hell, the aliasing is completely unacceptable for showing off the game, the LOD is terrible, and so forth.
For comparison, this is the first game on PC:
To be honest, the screenshots in the OP are not that big of a difference from the original.
They're certainly better, to be sure, but it's not some sort of ground-breaking achievement.
We're really just barely getting started, when it comes to next-gen games. In a few years, we'll all look back at Horizon and laugh at how primitive it looks; just like we do with every generation.