My son got a 360 for xmas (bundle w/Kinect). I've been hooked on the Universe mode (and Road to Wrestlemania modes) on WWE Smackdown vs. Raw 2011 (lame, I know....I don't even really watch wrestling either.)
To me the graphics, while not perfect, are pretty damn good. But then, I also remember the days of "Pro Wrestling" on the old NES.
Starman FTW!