(/u/Billbacca can you explain what this is for/if it's intentional?)

Setting Graphics Quality to Medium or High turns on seems to add some sort of blur effect.

You're also punished by a not-insignificant FPS drop.

Ultra in-game settings: http://i.imgur.com/SJmGoyi.png

Ultra with fog density at 0, fogblur.fxo and bloomblur.fxo disabled, lens effects disabled: http://i.imgur.com/jla7oYI.png

Low in-game settings (shadows on/off): http://i.imgur.com/zh5rLFO.png
http://i.imgur.com/SD8ZDq3.png

Pictures taken looking from a landing pad at the ascent.

It would be great if we could get some of these as settings (in the .ini file so there's no new UI work?) instead of having the high/medium/low graphics quality setting change so many things. Can't really use the the "I'll just go and edit pipeline_3.xml" method on live servers due to the ban hammer.