Not fixed in 12.1 Beta 3. Every unmarked app is a tap to click failure. It somehow feels even worse now in B3.
View attachment 1911839
Edit: Yep, definitely got worse in Beta 3. Tap to click is totally unusable now on my M1 MBP.
Edit 2: I never had issues with swipe gestures until now. With Beta 3 those don't work reliably anymore as well. Swiping left or right to switch desktops repeatedly fails or causes jumps in the wrong direction.
Edit 3: Pinch to zoom also stopped working reliably. It doesn't do smooth movements anymore and often forgets about the second finger and moves the pointer instead. This really feels like one of those crappy touchpads in cheap low-budget laptops from China.