Bandai Namco Entertainment has published the official game specs and compatibility details for Elden Ring. PlayStation 5 and Xbox Series X owners and PC users with powerful rigs should get to enjoy the potential of up to 4K resolution or 60 FPS gaming. However, ray-tracing support has not made it to the Xbox Series S console.
https://www.notebookcheck.net/Official-Elden-Ring-game-specs-and-compatibility-details-published-PC-locked-at-up-to-60-FPS-and-no-4K-or-ray-tracing-for-the-Xbox-Series-S.577770.0.html
Hopefully, like Sekiro, a PC patch will come out to unlock the FPS cap. After playing Sekiro at 144FPS, going back to locked 60 FPS is not that great.
I'm still getting it Day 1 regardless, just hopeful for the future.