To me, gameplay is way more important than graphics
the reason's simple:
you're PLAYING A GAME, not watching a movie
if all you want from a game uber graphics,
stop "playing" and head to the cinema
of course,
having fancy graphic stuffs would make a good game even better
but lacking it should NEVER be the ONLY reason when you rating a game
oh, why I suddently start ranting?
cos I saw too much people yelling
"This game sucks because it's graphic's not good enough"
and
"comeon it's 2007, gimme some better graphics before I start playing"