Can a dev explain what "FSR 1.0" is and how it will impact consoles?

In the 7.4.0 PTB patch notes there is a section that reads "Added support for FSR 1.0 on all platforms."
I researched it a little last night and my understanding is that is intended to enhance graphics and increase the frame rate, which are both desperately needed on consoles (especially previous gen).
However, the information I read indicated that FSR 1.0 is used on PC graphics cards and the PS5. It did not say that it could be utilized on PS4, Switch, or Xbox.
Could someone from the dev team please explain to us what exactly FSR 1.0 will do for the game, as well as the impact it will have on console versions (if it will be available on console at all)? My experience with PC gaming starts and ends with Pajama Sam so I probably will not know what you are talking about if you get really technical with the details.
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It allows the game to render at a lower resolution and then be upscaled to a higher one. It may come at a hit to image quality/blurriness and I find that sometimes it actually cleans the image up a little and makes it a little less jaggy. Because it's rendering at a lower resolution it allows for higher frame rates or improved graphics settings, sometimes both. I'm not sure how or if it will be implemented on older consoles but there are a few games I think on series x/s and PS5 that use it. On PC there are many many games that have the option and there is also a driver level version of it available on AMD gpus that can be used for any game.
It should be able to be used on older consoles but it may be on whether or not the devs implemented it game wide. On PC it can be used on older and newer hardware. I'm also not positive but I think there may be a few games on switch that use it as well.
Just remember it can still be limited by hardware. In some cases it may be used just to make a game playable on certain hardware but not to increase frame rate or graphics settings
I'm sure there's more to it than what I just said but it's kind of what it does in game.
Reading a little I can't find anything about it being used in PS4 or older consoles. I
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