More "realistic" graphics would look just horrible because they don't have the manpower to pull it off, it'll look like some baby's first UE game or something.
Stylized graphic is always the way to go for cheaper games, even if it's not for you, because I can assure you, it be a deal breaker for even more people.
I didn't like how it looked when they showed it last year, but now with polish and improvements it's look good. I wanted that realestic gritty fantasy at first but now I like the art style since the improvements.
It looks better than the previous gameplay but the graphics and art style makes this looks like a medieval Outer Worlds.