Managed to get the game today, and now playing it for the first time. Man, the presentation and general design of the game world is great. The detail and composition of the world itself is fantastic. As for the shadows, well, when actually playing the game at 60fps, the lighting and shadows look great. This is coming from the type of game player that prefers to take things slow and walk instead of run around in games like these. So unless you're a fan of stopping your character for extended periods of time in order to scan and critique the various surrounding shadows, you're just not going to notice.
If you are anything like me, when you all play or see this game in action, you'll realize that if there's something about the graphics worth faulting, its not the shadows but collision and contact points. But collision/contact imperfections is a personal gripe of mine that I manage to find somewhere in practically every AAA title so its probably not worth griping about. That having been said, what I consider to be Much more important in graphical presentation than shadows/collision/etc is Animations and this game nails it when it comes to animations.
And now I've got to take my GAF glasses back off and just say holy crap this game is sweet and looks awesome. I love a game that provides me with truly satisfying moments, and this game is delivering those moments in spades.