Yeah. 90% of it looks no better than, say, an Xbox 360/PS3-era game. And there’s the occasional bit that’s just really pretty- see also: the PC/clothes/backpacks/lanterns.
The new version, as far as I can tell, has a slight bit better fog/smoke in a few areas, and they cranked the HDR up got some glowy bits and fire. Still, it’s an opportunity to get into those DLCs I never touched, including (I think?) yet another magic system! And that’s not even counting the new weapon enchantment system.