Hi, I have the same problem on Mac Pro 6.1 with Big Sur, it freezes on various occasions and then restarts. The report always mentions watchdog. I've tried everything, deleted kernel extensions, removed applications, reset pram, etc. but nothing was successful.
I have no time to waste looking for a solution to this problem.
Now I have installed Mac OS Mojave on an APFS partition of my internal SSD, reinstalled my Apps, and I work with Mojave without any problems whatsoever.
I hope Apple will fix everything with an update as soon as possible so I can get back to using Big Sur.
I'm certainly not going to waste a lot of time constantly restarting my Mac Pro and interrupting the flow of my work.
I would like an operating system that runs smoothly and professionally, without unnecessary frills.
Is 'It just works ..' a thing of the past? Really sad ..