Well there is *some* advancement.
We're now in 2003 PC graphics era!
It's certainly better than that. There is significantly more geometric detail, self shadowing, higher resolution textures, etc. It's more detailed than later PC games as well such as Doom 3, Half-Life 2, FEAR, etc. Only Crysis clearly sports more detailed models.
Still, it should be MORE detailed than Crysis when you consider the small environments. It's not a limitation of the platforms, however, but more an issue with the developer I'd say.

