AvoK95 wroteNot only have they mentioned it in the presentation of Ubisoft , they also presented the game with a PS3.
The graphics isn't that detailed to be honest it's like GTA IV graphics with a little more detail. It's still good though even though it looks like GTA IV , it still has great graphics compared to other games.
Your Watch Dogs analogy with GTA is too painful to be grasped :P
It's not right to "compare" a 2013 title to a five year old game, and obviously current gen consoles will never be able to render what's been demoed properly. The advanced DoF/Bokeh, lightning and particle effects shown are not possible on 6+ years old hardware. That's a given.
To some extent, Watch Dogs' art direction reminded me in the Samaritan tech demo - which btw was far more impressive than the kind-of disappointing UE4 debut footage.