Quick answer: Sony will retire the PlayStation Plus app on PC on December 10, ending PS Plus Premium cloud streaming on PC. Sony says fewer than 0.4% of eligible Premium members used it.

The PlayStation Plus app for PC is going away. Sony says it will retire the app on December 10, and with it, PlayStation Plus Premium cloud streaming on PC will no longer be available.
The news came at the end of the PlayStation Blog post announcing the November PlayStation Plus Game Catalog. Sony's reason is low usage. It says "less than 0.4%" of eligible PlayStation Plus Premium members were using the PC app, and that dropping it lets the company focus on experiences more members want to use.
Sony says the change doesn't affect PlayStation Plus memberships or benefits on PS5 and PS4, and that it will notify affected users directly. As The Verge points out, Premium subscribers can still stream games on a console or on the PlayStation Portal.
For anyone who used the app on a gaming PC or a Windows handheld, December 10 is the cutoff. PC Gamer notes the app was mostly known for its library of older PlayStation games rather than new releases.
The shutdown also lines up with Sony's wider pullback from PC this year. VGC and The Verge both point to reports that Sony is no longer bringing many of its exclusives to PC after their PS5 launch.