No, the game runs like sh!t and SOE know that too. The game has some fantastic ligthing effects but it's textures are horrendous.
But they know it runs bad and are releasing an optimisation patch in January that they said would help performance a lot
Ultra textures don't look THAT bad. The game also has FXAA forced on by default, which blurs the textures and misportrays them. I use SweetFX sharpening to balance out the FXAA blur (I know they said not to use it, but I don't care if I am banned).They don't use FXAA, they probably use a custom edge detect AA.
The game does use FXAA, google it.