The patch is out. Quality mode with unlocked framerate has ray-traced reflections and seems to run really well, it looks great.
GRAPHICS [PLAYSTATION 5]
• Added a new setting “Unlock Frame Rate”, enjoy!
• Added VRR and 120Hz display output support for PlayStation 5 and PlayStation 5 Pro, and unlocked the frame rate limitations for Quality and Performance Mode setting
• Improved Temporal Anti-Aliasing (TAA) quality
• Added HDR support
• Updated SDR to 10bit (from 8bit), which reduces visible color banding
• [PlayStation 5 Pro] Added PSSR (PlayStation Spectral Super Resolution) support. Using PSSR results in smoother edges, improved hair, and vegetation visual quality. Using PSSR can slightly impact performance, so if you would rather have the original “look” of Control, you can disable PSSR in the settings.
• [PlayStation 5 Pro] Improved Screen Space Reflections in Performance Mode
• [PlayStation 5 Pro] Updated Texture and Shadow resolution filtering (anisotropic)