I took some screenshots of The Elder Scrolls V: Skyrim on High, Medium and Low so you can compare them.
I think that High is actually very nice, I didn't expect it to be that great, but it has exceeded my expectations, although I still think it could have been alot better.
Settings used for High:
1920x1080
2xAA (FXAA Enabled)
16xAF
Texture - High
Radial Blur - High
Shadow - Ultra
Decal - Ultra
Water Reflects Land, Objects, Trees, Sky - Enabled
Object Fade - 15
Actor Fade - 15
Grass Fade - 7
Specularity Fade - 15
Light Fade - 35
Item Fade - 15
Distant Object Detail - Ultra
Object Detail Fade - Enabled
[img]http://fc09.deviantart.net/fs70/f/2011/315/2/b/skyrim_high_by_the77s-d4fsx1h.jpg[/img]
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Settings used for Medium:
1920x1080
2xAA (FXAA Disabled)
8xAF
Texture - Medium
Radial Blur - Medium
Shadow - Medium
Decal - Medium
Water Reflects Land, Objects, Trees, Sky - Enabled
Object Fade - 7
Actor Fade - 7
Grass Fade - 3
Specularity Fade - 7
Light Fade - 17
Item Fade - 7
Distant Object Detail - Medium
Object Detail Fade - Enabled
[img]http://fc06.deviantart.net/fs71/f/2011/315/6/b/skyrim_medium_by_the77s-d4fsx3h.jpg[/img]
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Settings used for Low:
1920x1080
No AA (FXAA Disabled)
No AF
Texture - Low
Radial Blur - Low
Shadow - Low
Decal - None
Water Reflects Land, Objects, Trees, Sky - Disabled
Object Fade - 1
Actor Fade - 2
Grass Fade - 0
Specularity Fade - 2
Light Fade - 2
Item Fade - 1
Distant Object Detail - Low
Object Detail Fade - Disabled
[img]http://fc08.deviantart.net/fs70/f/2011/315/3/1/skyrim_low_by_the77s-d4fsx4j.jpg[/img]
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You can visit [url=http://the77s.deviantart.com/]http://the77s.deviantart.com/[/url] if you want to download them and compare them thoroughly.
PS. Right-clicking on the pictures and pressing "View Image" increases their size, I have no idea how to post them in their full 1080p resolution.