Can someone explain the “Rings” of the updates such as omega, alpha, etc.

The new update is only out for some Alpha & Alpha skip ahead insiders at the moment.

If you're in the Omega ring then you'll probably be the last ring to get the update before it's released to everyone.

One thing to be aware of, you must be active in the insider program for a while, and be selected for the alpha ring. You will likely start in the "Omega" ring, and after 1 month you can move up to the "Delta" ring. 3 months will get you
into the "Beta" ring, etc.

As an Insiders You gotta make a report for all the bugs You see, You must be in Alpha Ring, this ring is the most unstable, but not more than Alpha Skip Ahead, when You decided to join the Insider Program You knew there were a lot of bugs in the preview
OS, You can change another Ring, Beta, Delta or Omega, but the most stable of them is the Omega ring, now it's You who decid which ring You Will choose to recieve updates or If You Will choose to recieve updates like a normal user.

If you're an Xbox Insider then you will get more updates as compared to others. Even as an insider there are 4 different rings - alpha, beta, delta and omega. Being in alpha ring will result in a lot of updates, and number of updates goes down as you reduce
your level.

If you do not want frequent updates you can unenroll from the program.

Are you in a Insider preview ring?

If so, which ring. ASA, Alpha Beta or Omega?