The "HDR" is absolutely garbage and non-existent. Not sure how they think this is ok with a triple-A game based on space travel and exploration... or really just any modern "high end" game.
Playing this on a 5800x3d with 3080ti -- frame rate bounces between 40-70 at 4k. Dropping to 1440 helps a little bit, but the game just looks.... bleh? It's like there is a weird haze over everything even after turning off all motion blur and film grain (why are these the default anyway?). The character models, and especially the textures, are not impressive and look like they were pulled from Doom 3 and then upscaled. The world looks like it's a jpeg with quite a bit of compression. Places where I'd expect to be in complete darkness shows heavy banding from compression. The screen should be black, but on my OLED it is tinged grey/brown. The flashlight amplifies this ugliness.
The keybind setup is pretty bad, as well. The defaults have multiple keys bound to WASD, etc., depending on different scenarios or interfaces you're working with. If you change WASD for main movement, then try to change the other bindings to match these changes (exactly how they do), the game throws all kinds of warnings about multiple overlapping key binds. In the few situations where it doesn't throw the warnings, you can be in one menu, press the key listed at the bottom to, for example, open a menu, and it does something completely different like scroll the view instead of opening the menu. There isn't an obvious way to DELETE a bind, either, so if you screw up once, you have to reset all of them to defaults to undo it.
The gameplay itself seems ok, but it feels bad after having played through Baldur's Gate 3. In the first area, I ran ahead of the starting NPC helper, found a drill, and started mining all the ore I could find before running back to the extremely exciting part of the game where the NPC slow-walk escorts me down what is a straight hallway. Started shooting at the NPC's to see what would happen, and no one really responds. They say ouch and eventually hunch over, but then regenerate and stand back up and act like nothing happened.
I am pretty sure this is what they are talking about when they say don't set baseline expectations around Baldur's Gate 3. With that said, I would return this game if I could, but I've "played" it for more than two hours now after dealing with key bind hell and trying to figure out why HDR looks so bad. Hard pass on this.
If you are having to choose between this and Baldur's Gate 3, BG3 is easily the winner -- in my opinion.