A friend has sent these images over to me, complaining about the shadows. Not looking to good, I'm sure they will release patches for this for weeks to come.
Be sure to click the image for full resolution to really see how bad it looks.
This picture is on high quality:

This picture is on low quality:

PC Specs:3.0GHz Core 2 Duo
Force3D Radeon HD 4870 512MB graphics card
4 gig ram
Vista Ultimate 32 bit with Service Pack 1
As you can see, the shadows are junk! If this turns out to be a global issue, I'm sure that a patch is soon to follow.