I believe that if you installed Windows 11 with your TPM enabled, Bitlocker will be using it for drive encryption. You'd need to disable that before turning it off if it is. Windows 11 does run fine without a TPM though. The check is only in the installer and Rufus can patch that out automatically. I've had mine disabled and been using Windows 11 without issue since October. Updates and such work fine. No guarantees for the future of course. Microsoft will no doubt try to force people to do what they want. They've added a watermark to the desktop in newer preview builds if your system doesn't meet the minimum requirements. It can be disabled via the registry though.
Incidentally, I've had fTPM on and off over the past month since this issue was reported on. Makes zero difference for me and there's no stuttering with it turned on, using a 5800X and MSI X570 ACE.