Same here, but (based on my experience alone) I think it may have been an issue prior to 12.3.
In late Dec 2021 my 16" M1 MacBook Pro failed to update from 12.0.1 to 12.1 with the symptoms above. Apple replaced the logic board.
In March 2022, same issue occurred when attempting to upgrade to 12.3, Apple again replaced logic board.
Because my user backups were still on 12.0.1, as was the freshly reformatted drive, when I attempted to upgrade to 12.3. again today it failed to install.
Very glad I found this thread while 12.3. was re-downloading for the 3rd time, before I bricked it for the 3rd time!
Switching off automatic updates for now...
TobyStokes
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