Passing forward that Sonia Cuff came with a functional workaround on Dec 21 2021 at this Microsoft Tech Community thread:
Sonia Cuff provided the following steps:
- Open Settings
> 2. Network & Internet
>> 3. Advanced network settings (bottom)
>>> 4. Data Usage
- While on the Data Usage page, type "wheel" in the top left search bar ("Find a setting...")
- Choose "Wheel Settings"
- Wheel settings should now be stable for this session.
NOTE: If you exit the settings app, you need to repeat these steps, even if you haven't rebooted.
Sonia hopes this helps until a fix is rolled out -- she is a genius.
UPDATE: After 2022-01 Cumulative Update for Windows 11 for x64-based Systems (KB5010795):
After selection of app in "Add an App" page, the settings will crash; however, ...
GOOD NEWS: The app will now appear in the "App Tools" list at the bottom of the Wheel settings page and can be customized.