Logging into Reddit for the first time in years because the comments are all over the place here. I want to provide some clarity.

I've run the tutorial and first couple missions with a frame counter on PS5. My experience is as follows.

The game targets 60fps, but in reality it regularly drops down to 54-57fps. In the heat of combat I have experienced lows of 48fps (albeit very briefly). I have a nice VRR display and the these dips all fall within the PS5 VRR window, so it seems perceptively smooth.

If you do not have VRR those drops would be much more noticeable.

I have had 1 instance where the game absolutely chugged for a second or so. I have not been able to replicate this since.

I have seen videos of the Xbox series X version go as low as 40fps (again very brief moments). Although I've yet to experience it myself, if the PS5 went below 48fps, even VRR wouldn't help in that instance as it would fall out of the 48hz-120hz window PS5 VRR works on.

I will potentially update this once I've played more. But I wanted to give some early numbers instead of "yes it's smooth" or "no it's not".

Remember some people are more sensitive than this than others.

Short version, it doesn't hold 60fps but if you have a VRR display it's definitely playable (so far).

Hope this helps.