I encountered the same problem after an update as well.
The upstream issue I linked to, although quite old, discusses systemd version 252.3, whereas at least jammy has a patched version of 249.11 - which is even older.
And you do have e.g. wlan0 unmanaged as do I, which alone causes the timeout for me. There are ways to work around it, sure, but as it stands now the LTS server image for Raspberry Pi is effectively broken by default.
I encountered the same problem after an update as well.
The upstream issue I linked to, although quite old, discusses systemd version 252.3, whereas at least jammy has a patched version of 249.11 - which is even older.
And you do have e.g. wlan0 unmanaged as do I, which alone causes the timeout for me. There are ways to work around it, sure, but as it stands now the LTS server image for Raspberry Pi is effectively broken by default.