I think those are great looking pictures. However, are we sure these are in game and not some pre rendered stuff like the Killzone trailer from E3 2005 was. However, the new Killzone in game trailer is great looking. So far I've been very happy with my Xbox 360 (I have the Elite version now) and there hasn't been anything on the PS3 that I can't get on my 360 that would make me buy a PS3. Killzone and GT5 are the first PS3 exclusives that may make me buy a PS3.
Very high level of detail but I'm reserving my final comment when I have seen some in game movies.
Thanks for the note about GT5 being in game. I agree with you that the Wii will by far win the sales race for this generation of consoles. In addition to my Xbox 360 I also have a Wii. However, that was really bought for my two daughters. They love it. I've played the Wii sports games and they are fun but for my gaming tastes the 360 is better suited.GT5 is 100% comfirmed to be INGAME graphics engine at work.
Also, mind about Killzone from what we have seen so far: it's a PRE-ALPHA build. That means that graphics will noticeable improve in the next few builds of the game.
So far imo, PS3 is really delivering graphics wise this E3.
However, Nintendo Wii will be a DISTANT 1st this generation. Mario Galaxy, Metroid Prime 3, Smash Bros Brawl, Mario Kart Wii with steering wheel and Wii Fit look absolutely amazing. Wii will be sold out well into 2009 I think.

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