Disappointing, even if this is on low PC settings or if it's the Xbox One version. That wolf looks mediocre even by LAST gen standards, and no it's not just because of the lack of Hairworks. The branches and twigs in the snow screenshots also look bad.
If this is on low settings then CDPR needs to take better screenshots.
The demo they showed recently already looked like a step down from the Sword of Destiny trailer. While I'm not yet convinced that the game was actually downgraded, I think those folks who are claiming "downgrade" are justified in their concerns.