I don't know what they are playing it in, but if I remember correctly the graphics were technically very good for the PS3, so there's no way a version that is 3 years newer would have low quality textures.
@DoctaMario: Did you find a way of modding the soundtrack?
If you figure out something, please tell me! I'm dying to try it with other CV games' music and some random mix I might made from Soul Calibur and other games!