I also decided to stick to UT2004. I dont like the de-saturated graphics. Everything looks brown and has very less contrast. So it is hard to see an enemy and even harder to distinguish friend and foe.
I am a long-time fan of UT, Unreal(1) und of the UE technology. But this game is not my visual taste at all. I'd rather replay Bioshock to see how good the UE technology can look in a game.