Will FFXIV 2.0 graphics engine still have high quality graphics options?

[KiriA500]

No, it's already been confirmed by Bobby Gunz that the game will only feature "Low Settings."

No graphical settings have been officially confirmed though, but Yoshi-P did say the pictures were running off 15% optimization, so take that however you want. However, this being a PC game. I don't see why it wouldn't.