Text is always "Title is empty"

NotWorkingBindableState.swift

import SwiftUI
import ComposableArchitecture

struct TestState: Equatable {
    @BindableState var value = ""
}

enum TestAction: BindableAction {
    case binding(BindingAction<TestState>)
}

let testReducer = Reducer<TestState, TestAction, Void> { state, action, env in .none }

struct WrappingView: View {
    let store: Store<TestState, TestAction>
    
    var body: some View {
        WithViewStore(store) { viewStore in
            TestView(text: viewStore.$value)
        }
    }
}

struct TestView: View {
    @Binding var text: String
    
    var body: some View {
        VStack {
            // Text is always "Title is empty"! Typing does not triggersing redraws in new approach
            Text(text.isEmpty ? "Title is empty" : "Title is not empty")
            TextField("Title", text: $text)
                .background(Color.yellow)
        }
    }
}

Tried with:
Xcode 12.5.1 (12E507), iOS 14.6
Xcode 13.0 beta iOS 15