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"These options, available on PlayStation 5 plus Xbox Series X and S, will "adapt the resolution and graphics settings to maintain 60FPS" for Performance mode, or "enable the game to run maximum resolution and graphic settings while maintaining 30FPS" for Quality mode.

PS5 and Series X versions of Valhalla will be set by default to Performance mode. Series S will be set by default to Quality mode."

New patch that lets you choose between 30fps/60fps, interested to see how this performs on the Series S. I'd much rather have 1080p60 than the 1440p30 target. Though 30fps could drop as low as 1180p (highest about 1650p) so there's a question mark on how low that would go at 60fps.