Desperately needed and honestly I wish they would go further with it, its listed as a major graphic update but outside of armour and some fabrics (and only really close) I would consider it minor graphic update.
The game looks wildly dated, this is due to supporting older consoles for so long. but objectively I cant see anyone being able to justify it looking lovely, you can only interject a personal feeling but logically not worth much when you look at the textures vs industry standards.