Official supported driver is KMS driver not FKMS.
please seemake_clickable_callback(MAGIC_URL_FULL, ' ', 'https://github.com/raspberrypi/linux/issues/5624', '', ' class="postlink"') for more details and working example cmdline.txt and config.txt
Issue is resolved by switching to KMS driver and kernel 6.1.58-1 for extended desktop (dual head) setup
# uname -a
Linux computername 6.1.58-1-rpi-ARCH #1 SMP PREEMPT Thu Oct 19 18:20:53 MDT 2023 aarch64 GNU/Linux
note: fkms driver hangs in 6.1.58-1 as well.