This is happening to me too. My PC is only 8 weeks old.
The problem started when my PC couldn't install the latest KB5050009 update and kept giving the error code 0x800705b4. I tried running the troubleshooter and got the same message as everyone else - that it couldn't run the diagnostics. I have also tried other wrokaround as suggested here and online but none of the work
With so many people experiencing this, is it not fair to assume the new Windows update is the cause rather than our systems? More to the point will this have a drastic effect on our systems going forward if we can't get the updates or get the troubleshooter fixed?