Like many other new games, Cyberpunk 2077 will offer a choice of performance and quality mode for the new consoles.
Cyberpunk 2077 reduced by 4K and running at 60FPS with performance mode on new consoles

The feature has already been confirmed for Xbox Series X and S. Two upgrades have now been revealed. It is not known what the first update will do, but it will come the same day the game is launched.
Fortunately, the update was released soon, for people who got the collective release early found that the game has many flaws, including setbacks.
You’ve probably seen the screen that reveals a 43 GB update, but according to CD Project Red, this is not an update that will be released on the day of the promotion on December 10th. A small 177.5 MB PS4 update has been revealed.