M$ has now introduced web-latency into the desktop along with their adoption of web-tech into the OS. You gotta get used to staring at that spinning blue circle, counting the many precious moments of your life draining away.
Ultimately, what difference does it make? The file explorer in Windows 10 is much faster than the one in Windows 11, and it's very noticeable. Turn on the old context menus, and try right clicking a file. Instant in Windows 10, visible delay in Windows 11.
It does offer some new features for businesses. Nothing useful for the consumer, and nothing to justify the massive performance loss