Try it - its broken! At least on Mac.
The right hand master meter works OK - although you can no longer set your scale / colours like you could when this was available from within the main preferences cabs in C11
You CANNOT however get a channel preset to work from within the main preferences tab - choose what you like from the dropdown menu, but you’ll always get the +3db Digital (Channel Meter).
All the other options DO NOT work. So no K metering, VU metering, LUFS etc in the channel meters.
The only thing you can currently do is edit that +3db Digital meter preset to show different colours.