Hi All - Update: We have a fix for this issue. The fix is implemented within the M365 Service and will be deployed to the affected data-centers this week and should be completed by Thursday, 26-Jan-2023. Since this fix is in the service and not in the desktop application, the Data Types should just start working if you've been experiencing the issue. You may need to quit and restart Excel. If you've been waiting to upgrade Excel so that you could avoid the effects of this issue, you will be able to upgrade to the latest version of Excel once the fix is rolled out to the service.
Since it's a gradual deployment over the course of several days, there's no easy way to predict when it will take effect for any specific person, but the issue should be resolved for everyone once the deployment is finished in a few days from now.