I'd have to agree...I really like the graphical style of both Shenmue games. Which is precisely why I don't want to see a major graphics engine overhaul for Shenmue III if and when it is released.
Most Fashionable Characters : Lan Di (Shenmue) Classic Chinese culture is represented by this killer. Ryo will not only ask why he killed his father ... but also where he shops.
Shenmue doesnt really have the best graphics in the world. The DC's graphical capabilities are not used to their fullest in Shenmue (take a look at Tokyo Highway Challange or DoA 2).
The locational graphics are quite well done i think but its just the character graphics. I do think though that Shenmue wouldnt be the same if they tried to snaz things up.