The #STOC2027 CfP has been updated (in light of the recent #arXiv policy change): acm-stoc.org/stoc2027/sto... (see "Public submissions") In addition, a document by the PC Chair explaining the rationale behind the policies is available: acm-stoc.org/stoc2027/sto... [PDF]
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My understanding is that (1) the last minute change means some authors may not have had time to plan, and (2) conversations with arXiv people revealed a risk they might not be able to handle the load. For future iterations of STOC, a more stable public posting solution should be found.
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