Screenshots mean they could have maxed out the game even if it runs at 10 fps, just to make a screenshot, since we don't see it in motion we can't tell how it's running. Could also have some photoshop touch ups. Those details do look almost too good.
Since they're making it primarily for consoles, I don't see how those character models with all the polys and lighting could run very well with multiples on screen.. not on consoles at least, but I'd say high end dual-gpu setups can run it playable. Maybe they really are putting an effort to actually make the pc version look like a pc version and not a console port; hard to believe, so I'm gonna be a moron and lean more towards 'photoshopped' until they show actual gameplay from the pc version in a very high bitrate video (not 3000 kbps streaming garbage).
