Appreciation of graphics, for me, and probably most people, is mostly based on a very natural gut reaction.  I mean, I never go into it and say, "Wow, look at that amazing bump-mapping."  I don't mean to make fun of people who DO do that--we all have different, and sometimes much more technical, ways of appreciating things, but in the end, I'm just saying it's not something I think about all that much.  I couldn't tell you what, technically, is going on with Zelda: Wind Waker, but I do know that it's got something many games don't.  
And I'd just like to say that Ocarina of Time's well-below-30-fps rate didn't stop it from being perfectly playable and bloody great.
Are we too hung up on the tech side of things?  What say you other peoples?