Glad to see MacRumors finally covered this issue.
Based on the slew of issues with Monterey that I keep reading about (beyond the TM issue), I for the life of me can't figure out how they let this OS go to public. It has almost 0 upgrades and is overridden with issues. No clue what is beneficial to this mess over Big Sur.
I did, however, start using CCC (thanks to the suggestions in this forum) and I love it. Probably will never go back to TM. I enjoy the aesthetics of TM, but to be honest, even before this current TM issue, TM has corrupted almost every drive I have had after a migration to a new computer - forcing me to reformat after a migration anyway. And I'd rather not lose 2 years of backups every time I move to a new computer. So far, very happy with CCC. And don't have to worry about when Apple is going to sort this out.