At least one of my V2’s has started doing this at dawn.
I’ve one V2 that got “stuck” with the filter halfway and Wyze replaced the camera.
It seems a little code to give it a “cool down” period could eliminate the minutes of cycling.
In my experience, even if the delay is working, if there’s a bright enough reflection of the IR light after night vision switches on, the camera interprets that as “day” and switches back to day mode. This creates the cycling problem.