Not an answer, but just noting - as of Nov 7th, 2021, I am also seeing the same issue:
Reboot / Error
panic(cpu 2 caller 0xffffff8012ffea25): userspace watchdog timeout: no successful checkins from com.apple.logd in 120 seconds
service returned not alive with context : unresponsive dispatch queue(s): com.apple.firehose.io-wl
service: com.apple.logd, total successful checkins since wake (630420 seconds ago): 63030, last successful checkin: 120 seconds ago
service: com.apple.WindowServer, total successful checkins since wake (630420 seconds ago): 63042, last successful checkin: 0 seconds ago
service: com.apple.remoted, total successful checkins since wake (630420 seconds ago): 63042, last successful checkin: 0 seconds ago
Backtrace (CPU 2), Frame : Return Address
0xffffffa1250e3670 : 0xffffff800fc8cfdd
0xffffffa1250e36c0 : 0xffffff800fdd3fd3
0xffffffa1250e3700 : 0xffffff800fdc45ca
0xffffffa1250e3750 : 0xffffff800fc31a2f
0xffffffa1250e3770 : 0xffffff800fc8c7fd
0xffffffa1250e3890 : 0xffffff800fc8caf3
0xffffffa1250e3900 : 0xffffff801049ce34
0xffffffa1250e3970 : 0xffffff8012ffea25
0xffffffa1250e3980 : 0xffffff8012ffe660
0xffffffa1250e39a0 : 0xffffff801041d67e
0xffffffa1250e39f0 : 0xffffff8012ffda34
0xffffffa1250e3b20 : 0xffffff801042792b
0xffffffa1250e3c80 : 0xffffff800fd7f7d1
0xffffffa1250e3d90 : 0xffffff800fc9265d
0xffffffa1250e3e00 : 0xffffff800fc68cd5
0xffffffa1250e3e60 : 0xffffff800fc801e2
0xffffffa1250e3ef0 : 0xffffff800fda869d
0xffffffa1250e3fa0 : 0xffffff800fc32216
Kernel Extensions in backtrace:
com.apple.driver.watchdog(1.0)[4CFADD2A-613E-320D-AD14-9C9379E87CB7]@0xffffff8012ffc000->0xffffff8012ffefff
Process name corresponding to current thread: watchdogd
Boot args: chunklist-security-epoch=0 -chunklist-no-rev2-dev
Mac OS version:
20G165
Kernel version:
Darwin Kernel Version 20.6.0: Mon Aug 30 06:12:21 PDT 2021; root:xnu-7195.141.6~3/RELEASE_X86_64
Kernel UUID: C2591F4E-EE82-33CC-8C59-DB81D9AD80DD
KernelCache slide: 0x000000000fa00000
KernelCache base: 0xffffff800fc00000
Kernel slide: 0x000000000fa10000
Kernel text base: 0xffffff800fc10000
__HIB text base: 0xffffff800fb00000
System model name: MacBookPro16,1 (Mac-E1008331FDC96864)
System shutdown begun: NO
Hibernation exit count: 0
System uptime in nanoseconds: 718934128341995
Last Sleep: absolute base_tsc base_nano
Uptime : 0x00028ddde5563764
Sleep : 0x0000508032a29fd7 0x0000cfcc98d439c6 0x0000507437a96b0e
Wake : 0x000050806593b56e 0x0000d50048f77b8a 0x0000508044b285c5
last started kext at 20950649609: >!APlatformEnabler 2.7.0d0 (addr 0xffffff7faa71c000, size 8192)
loaded kexts:
com.Logitech.Unifying.HIDDriver 3.9.14
com.Logitech.ControlCenter.HIDDriver 3.9.14
>!APlatformEnabler 2.7.0d0
>X86PlatformShim 1.0.0
>AGPM 122.1
@filesystems.autofs 3.0
@fileutil 20.036.15
>AudioAUUC 1.70
>!ATopCaseHIDEventDriver 4050.1
>!AHIDALSService 1
@kext.AMDRadeonX6000 4.0.6
@kext.AMDRadeonServiceManager 4.0.6
>!AUpstreamUserClient 3.6.8
>!AGraphicsDevicePolicy 6.3.5
@AGDCPluginDisplayMetrics 6.3.5
>!A!IKBLGraphics 16.0.5
>pmtelemetry 1
|IOUserEthernet 1.0.1
>AGDCBacklightControl 6.3.5
>!ABacklight 180.3
>usb.!UUserHCI 1
>!A!ICFLGraphicsFramebuffer 16.0.5
|IO!BSerialManager 8.0.5d7
>ACPI_SMC_PlatformPlugin 1.0.0
@Dont_Steal_Mac_OS_X 7.0.0
>!AHV 1
>!ADiskImages2 1
>!AFIVRDriver 4.1.0
>!ABridgeAudio!C 140.4
>BridgeAudioCommunication 140.4
>!AAVEBridge 6.1
>!AMuxControl2 6.3.5
>!AThunderboltIP 4.0.3
>!AMCCSControl 1.14
>!A!ISlowAdaptiveClocking 4.0.0
>!AGFXHDA 100.1.433
>!A!IPCHPMC 2.0.1
>usb.!UHostBillboardDevice 1.0
|SCSITaskUserClient 436.140.1
>usb.realtek8153patcher 5.0.0
>BCMWLANFirmware4378.Hashstore 1
>BCMWLANFirmware4377.Hashstore 1
>BCMWLANFirmware4364.Hashstore 1
>BCMWLANFirmware4355.Hashstore 1
>!AFileSystemDriver 3.0.1
@filesystems.tmpfs 1
@filesystems.hfs.kext 556.100.11
@BootCache 40
@!AFSCompression.!AFSCompressionTypeZlib 1.0.0
@!AFSCompression.!AFSCompressionTypeDataless 1.0.0d1
>!ABCMWLANBusInterfacePCIeMac 1
@filesystems.apfs 1677.141.2
@private.KextAudit 1.0
>!ASmartBatteryManager 161.0.0
>!AACPIButtons 6.1
>!ASMBIOS 2.1
>!AACPIEC 6.1
>!AAPIC 1.7
@!ASystemPolicy 2.0.0
@nke.applicationfirewall 311
|IOKitRegistryCompatibility 1
|EndpointSecurity 1
@kext.triggers 1.0
>!AHIDKeyboard 224
>!AHS!BDriver 4050.1
>!AActuatorDriver 4440.3
>!AMultitouchDriver 4440.3
>!AInputDeviceSupport 4400.35
@kext.AMDRadeonX6100HWLibs 1.0
@kext.AMDRadeonX6000HWServices 4.0.6
|IO!BHost!CUARTTransport 8.0.5d7
|IO!BHost!CTransport 8.0.5d7
>usb.cdc.acm 5.0.0
>usb.serial 6.0.0
>!ABacklightExpert 1.1.0
|IOAccelerator!F2 442.9
>IOPlatformPluginLegacy 1.0.0
>X86PlatformPlugin 1.0.0
|IOAVB!F 940.4
|IOEthernetAVB!C 1.1.0
>!ASMBusPCI 1.0.14d1
>IO!BHIDDriver 8.0.5d7
>!UAudio 405.39
>!AGraphicsControl 6.3.5
>!AThunderboltEDMSink 5.0.3
>!AThunderboltDPOutAdapter 8.1.4
>!ASMBus!C 1.0.18d1
@!AGPUWrangler 6.3.5
|IOSlowAdaptiveClocking!F 1.0.0
>!A!ILpssUARTv1 3.0.60
>!A!ILpssUARTCommon 3.0.60
>!AOnboardSerial 1.0
>!AHDA!C 283.15
|IOHDA!F 283.15
|IONDRVSupport 585.1
|IOAudio!F 300.6.1
@vecLib.kext 1.2.0
@kext.AMDRadeonX6000Framebuffer 4.0.6
@kext.AMDSupport 4.0.6
@!AGraphicsDeviceControl 6.3.5
|IOGraphics!F 585.1
>IOPlatformPlugin!F 6.0.0d8
@plugin.IOgPTPPlugin 985.2
>usb.IOUSBHostHIDDevice 1.2
>usb.cdc.ncm 5.0.0
>usb.cdc.ecm 5.0.0
>usb.cdc 5.0.0
>usb.networking 5.0.0
>usb.!UHostCompositeDevice 1.2
>usb.!UHub 1.2
>!AThunderboltPCIDownAdapter 4.1.1
>!AThunderboltDPInAdapter 8.1.4
>!AThunderboltDPAdapter!F 8.1.4
>!AHPM 3.4.4
>!A!ILpssI2C!C 3.0.60
>!A!ILpssI2C 3.0.60
>!A!ILpssDmac 3.0.60
>!ABSDKextStarter 3
|IOSurface 290.8.1
@filesystems.hfs.encodings.kext 1
>!ABCMWLANCoreMac 1.0.0
|IOSerial!F 11
|IO80211!FV2 1200.12.2b1
|IOSkywalk!F 1
>mDNSOffloadUserClient 1.0.1b8
>IOImageLoader 1.0.0
>corecapture 1.0.4
>!AXsanScheme 3
>usb.!UVHCIBCE 1.2
>usb.!UVHCICommonBCE 1.0
>usb.!UVHCI 1.2
>usb.!UVHCICommon 1.0
>!AEffaceableNOR 1.0
|IOBufferCopy!C 1.1.0
|IOBufferCopyEngine!F 1
|IONVMe!F 2.1.0
>!AThunderboltNHI 7.2.8
|IOThunderbolt!F 9.3.2
>usb.!UHostPacketFilter 1.0
|IOUSB!F 900.4.2
>usb.!UXHCIPCI 1.2
>usb.!UXHCI 1.2
>!AEFINVRAM 2.1
>!AEFIRuntime 2.1
>!ASMCRTC 1.0
|IOSMBus!F 1.1
|IOHID!F 2.0.0
$!AImage4 3.0.0
|IOTimeSync!F 985.2
|IONetworking!F 3.4
>DiskImages 493.0.0
|IO!B!F 8.0.5d7
|IOReport!F 47
|IO!BPacketLogger 8.0.5d7
$quarantine 4
$sandbox 300.0
@kext.!AMatch 1.0.0d1
|CoreAnalytics!F 1
>!ASSE 1.0
>!AKeyStore 2
>!UTDM 511.141.1
|IOUSBMass!SDriver 184.140.2
|IOSCSIBlockCommandsDevice 436.140.1
|IO!S!F 2.1
|IOSCSIArchitectureModel!F 436.140.1
>!AMobileFileIntegrity 1.0.5
@kext.CoreTrust 1
>!AFDEKeyStore 28.30
>!AEffaceable!S 1.0
>!ACredentialManager 1.0
>KernelRelayHost 1
|IOUSBHost!F 1.2
>!UHostMergeProperties 1.2
>usb.!UCommon 1.0
>!ABusPower!C 1.0
>!ASEPManager 1.0.1
>IOSlaveProcessor 1
>!AACPIPlatform 6.1
>!ASMC 3.1.9
|IOPCI!F 2.9
|IOACPI!F 1.4
>watchdog 1
@kec.pthread 1
@kec.corecrypto 11.1
@kec.Libm 1