I played through it only several months ago. Sure, it's not stunning or anything, but it's still graphically competent to an extent that it doesn't detract at all from the game IMO.
But Blood Money was released in 2006...
The list of games still using UE3 (released 2007) proves otherwise.
It is videogame terms...
I was just curious how well it held up. Clearly games look better now than they did then, some fair better than others. Plus BM was originally released on PS2 (I think...), so if PC port had been a lazy one the game could end up looking pretty nasty these days.