SOLVED: Do not clean-install the 31.0.101.3430 or newer Intel graphics driver!
This driver version was just released on September 27. This driver completely broke Intel's QuickSync capability on the 11th- and 12th-Gen CPUs. I tested my i7-12700K system wih this IGPU driver (all other components remaining the same, including the discrete GeForce RTX 2060 super with its latest driver), and discovered that my system's PugetBench scores have plummeted severely. It failed to even score above 900 using the Standard preset, whereas with the previous Intel graphics driver version 31.0.101.3413 I regularly achieved scores above 1250 with the same Standard preset.
I looked at the raw scores, and found that the playback scores for H.264 and HEVC plummeted with the 3430 driver as compared to those I achieved with the 3413 driver.
With QuickSync effectively disabled with the 3430 driver, my scores are very much on a par with my old AMD Ryzen 9 5900X using the same hardware components.
Again, this is a warning to Intel users.
