Hi Mark-Kashman - thank you for your reply. As some of the comments above, I was able to register and associate hub sites in PowerShell in some tenants with Target Release accounts (with all needed permissions), however I do not see the in the UI the options related to the hubs (not in the hub site nor the associated site). In other tenants, with the same procedure I see correctly the hub and association.
My understanding of your reply is that you are preparing hub sites for general availability.
However, my question is rather this:
Are there tenants where Hub sites have not been roll out even for target release? Or I should check something in the tenant configuration? Any input on this is highly appreciated.
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Edit 02.05
I have found the answer to this with the help of Microsoft Support. It actually needs the entire tenant to be in targeted release in order for the Hub options to appear. Having only some user profiles selected as targeted release will not make the Hub settings appear.