"Fine" is a purely subjective term. As far as I'm concerned, in a 1080p world, any console where the vast, vast majority of titles output at 480p (or below that as often is the case) in 24 bit colour with most likely zero AA or AF, has simply abhorrent image quality. Such standards seemed impossibly high back in the early 90s, but they are genuinely archaic compared to the standards that your average PC gamer has come to appreciate in 2009. Even on a 14" CRT I can notice notice the poor IQ, nevermind on a 40"+ flat panel display.
One man's "fine" is another man's stomach churningly ugly.
I'm not complaining about the base assets here, just the image quality used to display them, which is simply incapable of properly showing them off without losing a lot of fine detail and being submerged in distracting artefacts.