It should also be noted that the Dell Laptop in the previous post has since died (MB failure). I received a new Razer Blade 18 with Windows 11 Home pre-installed and the TPM enabled and was seeing the same issues as before (app hangs, service hangs, etc).
NOTE: I did try the "windows 11 reset TPM" feature mentioned previously...this did NOT work.
I had to disable TPM from the BIOS on the new laptop to resolve those issues.
This appears unrelated to the underlying HW as the two systems I have that were experiencing these issues are from completely different manufacturers (everything on the mainboard is different on the new laptop). This tells me that this is a 100% Microsoft Windows 10/11 issue.