Lmao I was watching that today, PS4 managed to do it in 1080 P at 60 FPS, I know the game is a remaster but dam it does looks pretty good, they're using Unreal Engine 4 it seems. I'm a huge fan of the Tony Hawk franchise so I'm super pumped for this game, a majority of my childhood was spent trying to get those insane combo points! lol
This game should be getting a next-gen patch, man it would have been so cool if it got an update to take advantage of the Dualsense, I remember reading somewhere that Dualsense allows the user to "feel" different road surfaces via haptics and a game like Tony Hawk could really take advantage of this in the same way, skating over different surfaces and grinding over rails + other stuff.
EDIT: the game could also really benefit from ray-tracing, especially through global illuminations and reflections in the puddles!
Anyways, here's a link to the video! I recommend watching it to others, especially if your a fan of the games!