What I mean by that is, what setting is similar to Xbox 360 graphics? I would take a guess at medium but I have no clue.
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Depends. People saying "ultra low" are grossly exaggerating. For example, I'd say games such as: The Witcher 2, Halo 4, and dabbing into the PS3 collection, Uncharted 3, God of War 3, etc, etc are quite good looking and make the technological gap between PC and consoles less blatant.