Bravo to id on Rage. I spent quite a bit of time playing PC single player, 360 single player, and 360 co-op. The game is beautiful, fast, fun, and really plays quite a bit different than anything else right now. True, its very "basic id" at its core, but really - who is doing that these days? Throw in some upgrading mechanics, extremely awesome environments, variety in the gameplay, and an awesome vehicle multiplayer and you've got yourself a winner.
I first played a lot of the PC build, and he's right - you can still swing the mouse around and find times when the highmips stream in. Its nowhere NEAR what streaming textures do on, say, Unreal Engine. Its only maybe 200ms until the entire scene is fully textured. Are there some lower-ish res textures? Yeah. Are there any PC-specific whizbang effects? No. Do I think its the best looking PC game I've played? Totally. I've got it pre-ordered on Steam and absolutely can't wait.
The 360 version I wasn't expecting as much from. I saw it at E3, but didn't have the PC version to compare to. For reference, at E3 the PS3 and 360 versions looked nearly identical to me. After playing the PC version and being quite impressed, I was even more impressed by the 360 version. Aside from slightly more texture streaming issues and not as ultra-crisp AA (seems like the PCs were running an obscenely high AA) it really did look the same as the PC. I noticed some of the TVs were fairly gnarly - color balance and contrast all jacked up. I read earlier someone saying the 360 version didn't look as good, that it was more muted or whatever. I totally blame that on the televisions. Console guys are getting an absolutely astounding version of the game. id can't be praised enough for the quality of the console SKUs. Never once have I seen the game being played at less than 60fps on any of the three platforms. They decided on 60fps and they won't budge.
In my opinion, Rage really sets the bar for future games. It looks as good (and often times magnitudes better) than anything else on the market, plays even better, and all at 60fps without blinking. Its been a while since id really "brought it" to the game industry, but they're stepping back in the ring and they're doing it in a very big way. Such a shame they won't license id Tech 5 outside of Bethesda. Then again, it really gives their games a way to stand head and shoulders above anything else.
Bravo id!