I was playing the beta in the morning (10am EST, Sat. Sep 25) and the graphics looked fine. I play on medium for an average of 120fps, though I can play on ultra for an average of about 55fps.
I open the game again at around 9:30PM EST and now the game looks really bad and changing the settings DO NOT change the look of the game at all.
At first when i opened it this evening the frames were going no higher than 40 and it looked really bad (settings still on medium for everything. i then restarted it and the frames were fine, but the graphics were still really bad.
I have now reinstalled the game and nothing has changed.
Unrelated: the music of the game resets itself to default every time I open the game. I have the music set to 3 and when i open the game it still says 3 but its not actually at 3 until i move the slider.