Premiere 22.30 (build 121) isn't working well with Monterey 12.3.1
Hello, I recently updated Premiere to 22.30 (build 121). Then Monterey updated to the version in the title: 12.3.1. Now I can start editing as usual but within seconds the playback freezes. I can drag the playhead across the timeline but the Program window is either stuck in play (not playing) or it's stuck in Stop, combine with a beachball and it is a Premiere experience of frustration. Then if I force quit the effects Contro panel blanks but just stays on the screen until Premiere finally quits.
Machine stats:
MacBook Air (M1, 2020)
Memory 8GB