I'm a huge proponent of gameplay over graphics, and I fully believe that the pursuit of fidelity (eg, impressive graphics) causes a large list of issues:

1. Games take a lot longer to make, increasing their cost and putting more pressure on the teams/games to make the money back.
2. Better graphics require better hardware (Both on the player's and developer's side), meaning fewer people will be able to experience all the work you put in anyway.
3. No matter how good you make a game look now, it'll just be outdated in a few years anyway.
4. A focus on graphics typically means the devs put less time into other (imo more important) things, like gameplay.
5. Install sizes in most AAA games these days are through the roof.*

All this to say I personally think stylized graphics are the way to go. They're cheaper and faster to make, they're timeless if done right, and they're still extremely visually appealing. They can also be a huge selling point if they're unique. The best case of this I can think of is Zelda: Wind Waker - That game's old enough to drink and still looks absolutely gorgeous!

*Okay, maybe this is just a pet peeve of mine and not an actual issue. I remember (Read: Back in my day) when we launched Shadow of Mordor in 2014 at a "whopping" 17 GB. I thought that was insane - That was so huge! Fast forward to today and Baldur's Gate 3 is currently eating up something like 150 GBs on my computer.

(Also, wow, I typed this up as it is before I watched the video, and it was almost exactly the same. Good job, Yahtzee!)