I’m running 12.7.0.166 and I can’t see an update available. I still have an Apple TV3, and on that the TV show album art I embedded using iTunes still appears. But it all disappeared on the Apple TV4’s at the time of the software update.
It probably won’t be fixed for a long time based on the period before homesharing and airplay became very stable.
Also, once albums appear to have no content, everything else is gone too; movies, tv shows etc.
You have to restart the Apple TV app, but that is impossible for everybody in this house except me.
If I paid for a Sonos system to listen to music, I’d be very cross, but I have Apple TVs and Airport Expresses connected to each hifi, and somehow I have come to expect this.
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I’m not a developer, and I no longer bother to report things that are wrong. Especially with things like AirPlay, I understand that it’s a very small team and they only look at it once in a while. You can read on the forums about people’s frustrations and you can see how it became quite stable over the past year or so. I think as a user it has zero effect if you report anything. I doubt they are even read.