According to this twitter, the data partition needs an fsck: https://twitter.com/MishaalRahman/status/1721945205119553794

And people have tried the Nov OTA image, it didn’t help: https://issuetracker.google.com/u/1/issues/305766503#comment843

Still waiting for an OTA image to fix the boot loop. Or, an admission from Google that users data is lost.

Except for those who had the issue and rebooted their phone and it’s stuck at “pixel is starting…”. This update doesn’t fix the issue for those devices. They are still working on it, possibly.