As reported in #60074, since PyType_FromMetaclass was added, other functions from the PyType_FromSpec family refuse to create classes whose metaclass has a non-default tp_new. IMO this is the correct default behaviour -- we don't have the arguments to call tp_new with, and skipping it may be dangerous.
Nevertheless, it's a backwards-incompatible change. It should only be made after a deprecation period.

I'm working on a fix.

Linked PRs

• gh-103968: Deprecate creating heap types whose metaclass has custom tp_new. #103972
• gh-103968: PyType_FromMetaclass: Allow metaclasses with tp_new=NULL #105386
• [3.12] gh-103968: PyType_FromMetaclass: Allow metaclasses with tp_new=NULL (GH-105386) #105697
• gh-103968: What's New: Add porting hints for PyType_From with metaclasses #105698
• [3.12] gh-103968: What's New: Add porting hints for PyType_From with metaclasses (GH-105698) #106619