I have noticed this also.
I think the flashing for objects is to long between pulses. As half the time am just looking for the (X) to appear to pick up. And half the time it doesn’t show until your literally on top of the item.
Draw distance is hit or miss, the red crabs for example appear super close to the camera like you see them draw in
But then you can run about and they don’t despawn or get redrawn when you approach them again.
As for the distant objects, buildings, trees eg… all look shit and super low rez, like I zoomed in with the phone camera (in game) and it’s almost PS1 graphics
I assumed with these new systems it would look nicer far out. But it’s noticeable without zooming in.
Only other graphical issue I have come across is random low Rez textures. Tree trunks mostly, but the odd ground texture/wet effect.
edit: am on XSX
anyone know when I get my DLC stuff? I bought the ultimate edition and still don’t have the guns or cars