With a brief bit of testing, the Undo in the above Beta seems to be completely missing.
No changes that I make (interactive Transform of a clip in the program monitor, cutting a clip and changing the in out) result in an Undo queue.
Edit to add system:
Windows 10 Pro, 22H2 with updates performed
Kabylake i7-7700K
32GB RAM
OS and apps on SSD
Storage on Raid 5 HDD array