The graphics look GTA V-ish. It's been close to a decade, the graphics should be better
They're not releasing it until 2025...so they still have A LOT of time to make it look good. Think Benzies and that other dude left, so they've been scrambling.
On top of that, they probably want to focus on PS5 and Series X. Consoles have been out for 2 years this November....but it still feels like the adoption rate is low. Like more people held onto their PS4 and old Xbox because they couldn't get a new gen console for the longest. PS5/Series X gon be working on 5 years when the game finally drops. So we should see graphics that push both systems to the max. AC Valhalla looked more next gen than these screenshots. This looks like maxed out PS4.....
One more thing is......GTA V has made Rockstar BILLIONS. Plus RDR2 was hella successful. They wanna make a game that they can milk for another 10 years. That means they gotta make it damn near perfect. Plus...upgrade all the shyt people complained about like not being able to go into 95% of buildings. That definitely has to change. We should be able to explore like it's Elder Scrolls or some shyt.