It's not really Ubisoft that's making it per say, it's a company owned by Ubisoft.
And The Division has had its graphics downgraded several times over the years.
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The downgrade is not really their fault,the consoles are just not powerfull enough to handle high quality graphics on a stable framerate and you want playable good looking games rather then unplayable great looking games.
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Graphics looks fine. Unless you want them to take 1 whole year just to create 1 ship "buliding"..... *cought* star citizen.
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It was amazing at first, but it looks OK now.