The thread link points to the fixes and enhancements brought by the December update. At the same time there's also a feature drop for Pixel devices, a summary of which you can see below:
For now, Video Boost seems to be exclusive to the Pixel 8 Pro despite it being done on the cloud.
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Too bad it isn't a Google One feature. It seems like something that should be available to all Android users.
I feel like that has to be where it expands to next. It seems like this is a way to add a feature to the pro model in order to justify the cost difference.