I've been watching the GiantBomb Live stream (360 Version); and it runs fine. Gregg seems to be impressed with the visuals and admits they will, of course, be better on PC. I have my second monitor muted so not sure if he ever explained if he installed it or else.
He has been playing for hours now and I have not seen any major slowdowns--other than load screens, which to me is important when moving around a World this large. The PS3 version seems to have more performance issues--based on gamer's feedback over the Beth Official forums.
I really hope they find an answer to the textures issue. It seems ridiculous at this point. Locally, I will give them the benefit that the street day is tomorrow and they still have time to find a fix for it.
They have stated that they are looking into it and I am sure they will; their forum is plagued with people complaining and asking for a fix for it.
*That 3.8GB Mega compression Idea seems to be coming back to bite them. I will never understand why they did that... my common sense, especially after playing games like Rage, Mass Effect and others that make use of greater space, cannot understand how a game this big ended up using so little space without sacrificing performance or visuals.
Anyways, it is still playable... let us hope they can fix it via patch.
I am going to stick with the X360 version, midnite cannot come sooner.