Monterey's mouse sliding is also dead as a doornail.
MacOS now has two mouse scrolling performances, one in Chrome or any electron app, and one in native apps and systems. The former is silky with pleasant acceleration, while the latter is painfully damped. I don't know what happened in the development of the new system.
It seems that the scrolling inertia setting for native apps is locked in. For example, by turning off "inertia" in preferences, the inertia of native apps remains unchanged, only changed in Chrome.
I sincerely hope that this problem can be checked by Apple. Now macOS is not as cute to me as it used to be.
For a quick look at this problem, compare scrolling performances in vscode and in Mail app.
I use Magic Mouse 2, Monterey 12.1, MacBook Air with M1 chip.