As I fly towards the lower resolution textures, they change into higher resolution ones. Which also doesn't look very good because of the abruptness of the process. Because it's a LoD issue. If I start West of London watching East then the London textures will be displayed in low res in the distance. As the point of view gets closer to London the textures will then change to higher res.
My gripe is with the lowest LoD of the terrain textures being a noticeable different colour tone as the medium and high resolution textures, which results in the ugly square and the abrupt LoD changes. Since the transition between medium and high res textures are pretty smooth I find it difficult to believe that the same couldn't be done for the transition between medium and low res textures.
If you don't notice the texture LoDs in your CloD then either my version of the game or your eyesight probably needs a fix.
Anyway, we'll see what happens with futures patches.