I dunno if I agree that a game must LOOK next gen, to succeed as a game.
And I think, of all the things from the 16-bit gen I miss the most, it is the idea that a game can be nowhere near perfect, but still be appreciated as the only way to play it on a console. Back in the SNES days we would get arcade ports of fighting games, yes some from 2-years back, that looked kinda like crap, but people still appreciated them.
Its not as if Orange Box is currently available on any other platform, and unlike say the PS3 if it ever gets it, the PC DOES exist in a realm OUTSIDE of console gaming. I feel some people drag the PC platform into the Console domain, kicking and screaming, in some kind of attempt to add legitimacy to the PC Gaming Hobby.
I just dont see the value in wandering a cheetah into a field of cows and then act like its remarkable that the cheetah not only runs faster, but also eats the cows alive. Good troll material, but not really good discussion.
If you want a good example of how to approach gaming, take a note from CajoleJuice. I think he's playing Portal at 2 frames a second on his PC, and he fucking loves it to death.