I have to say this is one of the best games of the year. Definitely the best shooter of the year.
Even on the PS3 version the graphics look superb(although funnily enough pre-rendered cutscenes look bad compared to the in-game stuff(Absolution is the same way).
I've put in a good 12 hours and still have a lot left to unlock and do. I spend more time hunting or taking over Pirate camps than I do actually playing the story.
Although, that's not the say the story isn't good, It's actually fairly interesting and worth going through.
My only two complaints are
The upgrade system -You can't upgrade the "bottom" tier weapons. Despite the fact that they would be upgradable in real life. These include the AK-47 and 1911 knock offs. The AK47 has a weapon slide, yet you can't put anything on it. Almost every gun offers a "upgraded" magazine size, except for the bottom tier weapons. Also when you do upgrade a weapons magazine, it doesn't show up on the actual gun(yet the scopes and silencers do). Finally most guns are locked at 2 upgrades, so while you can have a larger magazine, your choice between two different scopes, and a silencer, you have to choose 2 out of the 3. Bit silly that you can't have a silencer, scope, and larger magazine.
The Health system- The healing animations are a bit slim. In some cases your character will bandage something he just bandaged a second ago(and the bandage will be missing). Although on the more serious injuries you get gory "heal" scenes, like in Far Cry 2.
Another small problem is that the AI drivers are kind of horrible, but that's not uncommon for open world games, and doesn't really detract from the gameplay. As the game is somewhere in the Pacific, you could just make a joke about Asian drivers.
Not too many games let you go hunting with grenades, or accidentally set a field on fire because you launched a grenade launcher at a group of enemies.
The AI also seems to be pretty good. They fire at your last known position, and if you're sniping with a silenced rifle, they'll investigate where they think the shot came from without magically knowing where you are. It's quite easy to disappear into the bushes like a silent predator.
You also get extra points for stealth approaches on the Camps, which is a nice thing.
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