I got around to downloading the PS5 version last night. I was mainly doing the tutorials and started the Tall Tale for "A Pirates Life" (on Safer Seas) and the game looks absolutely gorgeous.
The art style really does look like a spin on Monkey Island and something that could fit nicely as an entry. The sea, sky, and clouds all look so real and I got lost several times just standing and appreciating the visuals, especially when it was a day-to-night transition and vice versa.
The gameplay isn't exactly my cup of tea, but with an art style this good, I easily got sucked in. Also, I really like the partial sense of dread you feel just by sailing, knowing at any second, some leviathan can appear. I'm also really digging the extensive lore, both for the Tales and the larger storyline. Looking forward to diving into all the Tall Tales, especially for "Legend of Monkey Island".