Arc System Works is doing a good job actually with their 3D style in Guilty Gear Xrd. Nintendo's Super Smash Bros. is also quite excellent 3D Artwork.

As is whatever the heck this is from: http://kotaku.com/sorry-yes-animation-is-also-games-art-1699...

So solid, good 3D art exists, and is around. Gears of War also deserves a mention.