What is weird though is that this doesn't look bad or anything, I mean its a port with no other enhancements besides higher resolution and online play re-enabled, so for what it is it looks good. This actually brings up another point too, it took FOREVER since this was announced to get a clear answer if it was 480p or not since they were being really secretive about that for no good reason.
We are weeks away from launch of this game with nothing to really go on but a picture, they have to at least have a release date locked down right? If we go by the Tuesday releases here are the possible dates for it to come out:
So, take your bets I guess.