Modern consoles push stunning visuals, but some argue gameplay is still king. Would you play a visually dated game with amazing mechanics over a beautiful game with shallow design? Which matters more to you as a gamer?
No, graphics are extremely important, but they are not everything. There are thousands of games that have horrible graphics and are extremely fun because of their gameplay, so the answer is no, it is not more important than gameplay.
Graphics does not matter more than game play, gameplay is more important than the graphics, however, a game that has a good gameplay and a good graphics are always better