Loxyrider has done three This is EVE videos over the years that happen to nicely track the graphical changes the game has seen.
This is EVE – Footage from 2006, classic graphics
This is EVE II – Footage from early 2008, after the graphics update
(It probably won’t play for you here. Go watch at YouTube.)
This is EVE III – Footage from 2012, includes new shading, starscapes, turrets and launchers
What will it look like in another four years?