I personally never understood why this game's graphics are lauded by the community. Better than the previous game, definitely, better than say Skyrim... well yes but to my eyes hardly by some huge margin. I find the characters have that very 'gamey' look to them and the colour palette isn't very realistic, and also comes across like one of the old Fable games or something.
When you see the lighting in GTAV even on the last ten consoles it simply looks better to me. Here the lighting really knocks it down quite a bit. Maybe it's the style they're after, but to me it looks like a half generational leap. Still looks great and for such a huge open world game of course it's very nice, just not quite what I expect next gen to be at.