First, Thanks moonsond for the great server post. Dl'd under an hour last night.
I tried to set everthing max at 19x12 res + 16xQ and to my surprise the game ran smoother than I expect although I know for most of you 15-25FPS average is not acceptable.
At these settings the game looked just like the videos I have been seeing so I can say no matter how I think about EA, I have to accept the fact that Crytek delivered what's been promised in terms of graphics.

By disabling AA completely I earned between 5 to 10 extra FPS and I'm sure I can tweak te performance even further. Besides, I don't even use the latest drivers.

The level was almost identical to FarCry demo in terms of environment but I still enjoyed it. I think the gameplay is awesome since it gives you an open ended environment and lets you progress as your liking. You can sneak or go berserk. Overall it was a great experience and I would definitely but this game if I had money.