Holy fuck yea, I have a 79 inch HD tv here, and fight night and NBA 2K6 both look absolutely unreal, it is the most incredible thing I have ever seen.
But on a regular non-HD tv, it does not look as good, but the graphics are a lot better than anything else.
I mean think about it, the PS2 has two 64 bit graphics processors, which is not as good as a single 128 bit unit. The 360 has 360 bit graphics processing unit. The numbers speak fo rhtemselves.