Yes the item is rendered in SL and no it was not altered in photoshop to look more realistic; thanks to the magic of materials it is now possible to create ultra-realistic objects right in Second Life.
Please note: this item uses the new "materials" system. In addition to the typical diffuse maps (textures) it includes normal & specular maps as well. If anything breaks between now and the official release of materials support I will provide you with an updated copy free of charge. Meanwhile it works and looks just fine on legacy viewers.
The chest is also scripted, just touch to open & close. The land impact is 7 because of physics, changing it from "Prim" to "Convex Hull" will bring the LI down to 3, but you won't be able to drop physical objects into it.
Textures are NO MOD.
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Very beautiful, but...
...only at very close range. If you step just a tiny little bit away from it, it turns into gray block. It's in the running for the worst LoD issue I've seen.
If you can fix this, I'll eagerly bump up the rating. But as it is right now, the price is too high and I couldn't recommend it. Which is a shame. It's a gorgeous piece otherwise.