I made this gif back when the game was shown at the September PS Conference. It looked extremely dated.
Whats interesting is that the gif below shows how good this game can look. It is a prerendered sequence from the same trailer. Likely part of the game's intro. The PS5 SHOULD be able to do this in realtime.
The lighting, the ray tracing, the almost CG quality assets. We could've been getting this in realtime instead of in some prerendered intro. But I guess we will now have to wait another 5 years for PD to release a next gen only game.