If the image quality is that good and there's rock solid performance at a 30 fps minimum, no tearing or other graphical anomalies, sure.
I was playing the new Naruto PS3/360 demo today and it's still aliased like crazy. With so much attention to the assets, animation, and effects. No matter how many effects and how "good" you make the game, it doesn't mean much when the image quality is poor, tearing, or at an unstable clip. Priorities need to be straightened out.
Maybe I'm in the minority. I predominantly play PC games and frequently sacrifice graphical effects and whatnot for clean picture and smooth performance. I think some of the HD collections, or even Dolphin/PCSX2, look nicer than 'next gen' games.