Thanks for your quick reply & assistance, Eric,
In ArcGlobe, it looks working, somehow, after 'Use hillshade effect Z:10-100' (see the snapshot 1 & 2). Obviously, 3D effect still is not as real as what we know, in particular, in ArcGlobe 10. (i.e, terrains in ArcGlobe are still too flat, but in ArcGlobe 9.3.1 gives a little better effect).
Also, we attach a snapshot called ERDAS_SB, which was draped onto DEM by other non-ESRI system (see the snapshot 4), which shows much better outcome in 3D. Finally, as a prove, the photo is attached for a comparison (see the snapshot 3 called Photo_SB).
Finally, in another location (using same image dataset & DEM), we compared in Google Earth Enterprise and ArcGlobe 10. As result, in GE Pro, it gives us very much realistic 3D outcomes, when the 'Elevation Exaggeration: 1.5-2 ' are used (see the zip attached).
I am wondering if we can have any efficient way to increase 3D effect in ArcGlobe 10 before publishing!
Any more advices?