This is my first time playing LE and maybe it was different in 1.0 and people got scarred(?) - I read lots of posts about the game looking 'bad'.
As a new player I went into the game and specifically looked for the graphics being 'bad' but to my surprise I did not find anything that bothered me...
The grass looks great, the world has lots of stuff in it, the textures are fitting and detailed - overall very solid. Two random screenshots I made during the campaign: one & two that I looked at when I wrote this post. I don't see anything wrong/'bad'.
Maybe I'm not critical enough or my standards are too low, but I cannot complain about the graphics. The game looks nice.