I'm getting the same issues as everyone else here. Windows 10 bedrock edition. Problems started after yesterday's ray tracing update (1.16.20002.0); everything worked fine before that.
Relevant graphical information: AMD Radeon HD 7750, with both driver versions 20.9.1 and 20.11.2 (upgrading to the latest recommended made no difference). Dxdiag attached.
I have the same problem on Win11 with a child account (my adult account on a different PC has zero issues). I went so far as to fully restore the PC using a backup from 10/27. After restoring, all subsequent Windows & app updates were fine and the app was working fine with v1.21.114. Once v1.21.120 was offered as an update in Microsoft Store and installed (took 20-30 minutes for some reason), it’s instantly broken again. Even after using administrator login to give all the now-necessary (but shouldn’t be…) approvals for installing some other dependency and firewall holes.