It also is handy when your machine has MDM and forces App Store apps to be updated and you don't want IT overwriting the version of Xcode you are using every time a new version comes out.
Please upload a standalone installer for Xcode 12.1!
EOSIOSwiftDev
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This is fixed in the release version of Xcode 12 for me. Previews are working fine in my project that has multiple dependent SPM packages.
No change for me on this in beta 4 of Xcode 12.
I tried beta 4 of Xcode 12 and no change on this issue.