Steps to reproduce:
Under Preferences > Browsing > Tabs, check the box next to "Use ⌘-1 to ⌘-9 to switch tabs". Due to a bug, this should turn off tab switching using ⌘-[number], and turn on opening/invoking Favorites bookmarks.
Expected behavior:
Before today, ⌘-1 would open the first of my Favorites bookmarks, ⌘-2 would open the second, etc. Since today, ⌘-[number] shortcuts do nothing. Manually opening the bookmarks in my Bookmarks > Favorites menu still works. If I uncheck the box next to "Use ⌘-1 to ⌘-9 to switch tabs", ⌘-1 switches to my first tab, ⌘-2 switches to the second, etc.
⌥-⌘-[number] (which is the Safari shortcut for opening Favorites bookmarks) does not work either.
Note that the bug I am reporting here is not the already-reported bug that the "Use ⌘-1 to ⌘-9 to switch tabs" checkbox is reversed. What I am reporting is a separate problem: toggling this checkbox no longer changes between tab-switching and Favorites-opening.
Orion, OS version; hardware type:
Orion version 0.99.115-beta (WebKit 614.1.12)
macOS Monterey version 12.4
MacBook Pro (15-inch, 2019)