The last game that got me engrossed in a positive way was The Longest Journey. That's a good example of graphics not taking precendence over a strong story and intuitive UI.
Graphics is the last thing I care about when purchasing a game.
Also... a clarification of my question: Do you enjoy games LIKE you did 10 years ago? Of course I sitll enjoy gaming otherwise I wouldn't be at this fine website. I have just noticed that I don't get nearly the same enjoyment. I guess it's really a prioritization problem more than anything.
OK... now I really have to get back to my Numerical Analysis