I think it's more than a little unfair to judge something still in development as if it were a final product. The graphics might just be quick mock-ups so there's at least something to display.
Here's
Reals of Power which is in development. IMO, the graphics are pretty decent.
There are also titles on the horizon from companies like
Hyperion,
Epic Interactive and
Titan ComputerI think everyone needs to concede the point that a small market such as ours is not going to see tons of quality releases that we see on the PC. I think we definately will see some quality releases though.