Just look at the difference in the clothing material. Clear upgrade. Click on the image to get a MUCH closer look. The way the light shines on his body/face...Anyone claiming a downgrade is a downright fool.
What makes me giggle about this is that when Ready At Dawn first claimed the game would look at least as good as the reveal trailer you had tons of people rolling their eyes and calling them liars. Crow is being eaten right now and quite a lot of it. The game actually looks BETTER than the first trailer.