I played PS3 from the beta to Heavensward.... And everything stated about the load times is true. What can take 5 seconds on PS4 takes 20 or more on PS3. And that isn't an exaggeration, especially in areas saturated with many players.

Remember that quest in Mor Dhona where you have to find the prospective Crystal Braves hanging out around the town? It took 20 minutes without a guide since the NPCs refused to load for all the players!

I really don't care about the graphics. The aesthetic is lovely and will look great for a long time, but the SEVERE rendering lag and length of load times just put a huge damper on that console's ability to function.