An update: I'm also trying to watch "Stranger Things", which has a fantastic Atmos soundtrack.
Before the first episode of the new season, in response to a suggestion, I unplugged my gigabit ethernet from the AppleTV 4k 2021 (now running 15.5.1) , forcing it to use WiFi. I didn't think this would have much effect since my WiFi is as fast as my wired internet (200mpbs, verified with an iPhone 12 Pro Max which is my internet download speed) but I figured it couldn't hurt. I also rebooted the box.
The first episode yesterday (1:15 long) had two dropouts -- the stuttering/helicoptering chopping sound. I backed up a few second both times to hear the dialog.
Today, to watch the second episode, I plugged the Ethernet wire back in and rebooted the box. There were constant audio dropouts -- 3 in the first 5 minutes! I finally couldn't stand it, so I unplugged the wire and again power-cycled the AppleTV again. This time there was only one dropout, about 1/2 way through the hour+ long episode.
So there may be something to using WiFi over wired Ethernet. I did notice that shows also took longer to get started at full resolution. The first 30 seconds or so of the first episode of "Stranger Things" yesterday (where the scientist is walking around the hallway) was streamed at very low-resolution and at first, I thought it was supposed to be an old-timey effect but it was pretty awful. I paused hoping the streaming would catch up, and it did after a few seconds, when I finally got a 4k picture. That never happened with the wired connection.
I'm assuming that Apple really isn't interested in fixing this problem. It's not very hard to reproduce.