1. Open two apps, at least one of which supporting fullscreen.
2. Open three windows in the app that supports fullscreen.
3. Fullscreen one window.
4. Cmd-tab to the other app.
5. Cmd-tab back to the previous app.
If your window from step 3 was maximized (filling the screen in the same desktop space), you would return to that window, but instead you are now looking at some completely random other window that you were not interacting with at all.
For people who cmd-tab (and cmd-`) frequently to switch between apps, this is super jarring and not at all what we intended to do.
And I'm reminded by other posters that they changed it to full screening (which is also not maximizing), complete with a disorienting animation, ugh. Pretty happy being Mac free again.
It's supposed to be "smart", in a sense that it gives you the largest window size that it considers usable. But that's too subjective an assessment to enable it by default, and even more so to not make it configurable at all.