Hahahahahahaha. This is an Xbox1/PS4 game? How can anyone take this seriously?
I take it you're not aware that's an FMV. I believe it uses in-game graphics but is nevertheless rendered as an FMV. Of course it's going to look like dick.
The rest looks quite good (judging by a heavily-compressed YouTube video) and they seem to have handled the 16:9 conversion well. I'd love to have a PS4 to play this on so I can enjoy full 1080p, but I assume with this game it won't matter a whole lot, though I'll be curious to see what Digital Foundry concludes.
Japan is supposed to be getting a disc-based version on PS3 that has both English and Japanese text, so I'll likely end up importing that—but I'll wait for others to be the guinea pigs in case it doesn't actually have English text or other problems crop up.