Patch 1.09 for GTA 5 has indeed removed the parallax occlusion mapping effect, but has in turn improved the game's overall framerate - at least on PlayStation 4. Earlier last week a YouTube video came ...
Parallax mapping issues remain but the issues have been mostly resolved by patch 1.9. Rockstar has addressed allegations of a graphical downgrade to Grand Theft Auto 5 on PlayStation 4 and Xbox One.