Extreme Unusable Lag after recent update

**Windows 11 **

Shotcut version 22.12.21 (see Help > About Shotcut)?Is it 32-bit? Not Sure

Can you repeat the problem? If so, what are the steps?
(Problem is repeatable and rendering Shotcut unusable. After importing any size video (always less than 10 minutes, mostly less than 5), Playback is unusable. The audio visualization is there, but the lag and horrible playback makes editing anything unusable. I have already scaled down playback as well as activated my hardware encoder. I have 16gb Ram and plenty of memory in addition to a Ryzen 5 graphics card.

Please try the beta for the next version