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I'm not sure actually. I know @grimmyx and @pipiczech play it on the PS4 aswell and I think @pipiczech told me the tooltips were a bit hard for them to read. That might just depends on the screen size and distance aswell though.

That makes since,the inventory and tool tips are really difficult to read on PS4 when playing split screen with someone else.

If you want to play it solo, it is pretty okay. However splitscreen will downgrade graphics so bad, that it is imposible to read any text...but it is still fun

I hate how bad the graphics arm are in split screen on the PS4 but I do have a lot of fun. I love that it’s an open world game.

If you play it on PS4 as a singleplayer, there's probably no difference. The graphics are nice, and you read everything. Well, @grimmyx says all the similar games are better on PC, but I can't judge it. My PC is too shitty.

But if you want to play co-op with someone, the split screen is pretty bad. The screen is split horizontally, so there is a little space and, as mentioned by @playfulfoodie, the tooltips are hardly readable, so I have to sit right in front of the TV, and it doesn't help much (our TV is around 50"). Even the graphics get worse. It is playable, but it would be better to buy another PS4 and TV :D