S!
I think Oleg holds back moving video until close to release. AS said all over the terrain is not ready yet etc and seeing WIP in motion would cause whinery and moaning anyway, even it would flash WIP on screen every 3 seconds
As of graphics. Immersion is more important to me than fullblown eyecandy. Graphics have to serve their purpose, not just be there to look good or make the game just another nice gfx engine tech demo. Rise Of Flight has very good graphics..maybe not state of the art terrain or all that but the feel and such is there.
In short..graphics should be for being played, not for screenshots or movies

After all, how much do you pay attention if a screw is Phillips or Torx if you are being chased by a bloodthirsty opponent on your tail?