Sacred 2 looks like it has better textures (though I wonder, you talk about an "Elite pack" were they in the game since the beginning? in all versions of the game?), but Dungeon Siege III has significantly better lighting and effects. Also, as far as I know, yeah, the game is still in alpha, though from here 'till May I doubt they're going to do a new high-resolution texture pack.. so I'm hoping they're just holding off one for the PC version. Either way, it doesn't bother me that much, it looks good in motion, and that's what's important.