It's almost guaranteed (I could have sworn it's confirmed) that at least ground LoD will be adjustable. I'm hoping they have a better transition for ground objects like a transparancy fade instead of popping up, especially since I'll bet most of us will have to keep the view distance rather short, even on good systems.
Now I know you're talking mostly about the plane models themselves, and again I would take a bet that this is going to be vastly improved, but I also wonder if it will be an advantage - like it was in IL2 - to use a lower resolution, for the point-whores.
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