So a few hours ago, the Gaf and r/gaming communities worked together and unlocked coding that makes Watch Dogs look just like the E3 demo. The mod is now available for download.
Best part is, the mod isn't even close to done yet. They are still looking for more of the coding. Basically, it will look even better in a few days.
Source and proof
The reasoning behind this, as concluded by everyone on Gaf, is simple. The console versions can't run anything close to this. Because they just came out and they are the bread and butter of Ubisoft sales, Ubisoft didn't want to alienate consumers by having such a large disparity between PC and 4 month old consoles. So they lied about being downgraded. If this doesn't show that stagnant consoles are holding back PC gaming and gaming in general, I don't know what does.
This is amazing, especially after a week of shit anti PC threads based on opinion. lol.
Note that none of these pics are mine