Great great great update! PD are so detail oriented...
It has two graphics presets.
RT and no RT
RT runs at 1440p PSSR to 4K, has some advantages like RT, which looks great imo, especially in cockpit view and hood cam. Reflections update at full frame rate. IQ is similar to the old PS5 mode, if a bit more shimmery, but sharper.
- LODs and shadow cascade retain the settings from the old PS5 mode.
The Performance Mode gets really interesting, it uses PSSR to make a much better looking image than the old native mode, while lacking RT, it boosts the LOD distance considerably, and this is the mode that is running on PSVR2, at lower frame rate than 120fps. Reflections are half rate here, same as before.
Both modes are pretty great, happy to see PD always do the most they can
For VR, now the game retains it's full graphics (before it had much lesser LOD, especially on grass and trees) and has the reprojection option.
Edit: I'm still figuring out if they upgraded the user CAR LOD in this performance mode... Meaning your cockpit will look better than on base PS5, while using the chase cam.. can anyone check?