I haven't seen anything wrong with how the game looks at "higher settings", though of course there's two difficulties:
1) These videos are all low-res and low-bitrate, as far as I can tell.
2) There's no way to know what settings any of these people are using. For all we know, nobody in the videos has been playing at max settings. Also, the alpha may not even have all the graphics settings present/usable yet.
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