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I created a basic demo and release the project using VisualStudio Version 16.11.2, the project is generated as aab format correctly. The problem should be caused by the VS. VisualStudio 2022 is now only the preview version and it is under test. It's not suggested to use the preview version which may have potential issue to develop an application. Please use the stable version instead.
You could report the issue to the VS product team via Visual Studio's "Report a Problem" menu and then follow them on the developer community site. Please see How to report a problem with Visual Studio - Visual Studio | Microsoft Learn
Best Regards,
Jarvan Zhang
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