It's more like medium to very high settings, with the way last of us 2 looks on a Ps4 on any res even though 30fps is highly respectable.
Maybe but this is not PS4 we are talking about here. Considering all the eye teasers we've seen, these look fantastic on the PS5 or new Xbox. I don't think there will be a lot of difference between PC and Consoles. Besides when you compare PS4 to PC, games might look a bit blurry on a PS4 and shadows are slightly less realistic but that is mostly it. Depending on the game of course. Either way we will see it all when the new consoles are out
I think the details will be set on high in every game not low nor medium. That's how I see it but who knows for sure.