Yes. Everything is tending to get bigger and flashier and brighter and with more "sharp" sound effects and it's just getting too much. I had to switch off battle effects for party members because even in a four-person dungeon (Malikah's Well) I couldn't see anything through a blinding glare of spells going off.

At very least it now needs a mid-point between "all effects" and the "limited" setting that only shows the bare minimum like healing circles.