diff --git a/esphome/components/esp32_rmt_led_strip/led_strip.cpp b/esphome/components/esp32_rmt_led_strip/led_strip.cpp
index c5a7f7918d..7727b64f29 100644
--- a/esphome/components/esp32_rmt_led_strip/led_strip.cpp
+++ b/esphome/components/esp32_rmt_led_strip/led_strip.cpp
@@ -160,7 +160,7 @@ light::ESPColorView ESP32RMTLEDStripLightOutput::get_view_internal(int32_t index
       b = 0;
       break;
   }
-  uint8_t multiplier = this->is_rgbw_ ? 4 : 3;
+  uint8_t multiplier = this->is_rgbw_ || this->is_wrgb_ ? 4 : 3;
   uint8_t white = this->is_wrgb_ ? 0 : 3;
 
   return {this->buf_ + (index * multiplier) + r + this->is_wrgb_,
diff --git a/esphome/components/micro_wake_word/__init__.py b/esphome/components/micro_wake_word/__init__.py
index 2a84b7d74b..209a1412ca 100644
--- a/esphome/components/micro_wake_word/__init__.py
+++ b/esphome/components/micro_wake_word/__init__.py
@@ -103,6 +103,7 @@ KEY_AUTHOR = "author"
 KEY_WEBSITE = "website"
 KEY_VERSION = "version"
 KEY_MICRO = "micro"
+KEY_MINIMUM_ESPHOME_VERSION = "minimum_esphome_version"
 
 MANIFEST_SCHEMA_V1 = cv.Schema(
     {
@@ -116,6 +117,9 @@ MANIFEST_SCHEMA_V1 = cv.Schema(
             {
                 cv.Required(CONF_PROBABILITY_CUTOFF): cv.float_,
                 cv.Required(CONF_SLIDING_WINDOW_AVERAGE_SIZE): cv.positive_int,
+                cv.Optional(KEY_MINIMUM_ESPHOME_VERSION): cv.All(
+                    cv.version_number, cv.validate_esphome_version
+                ),
             }
         ),
     }
@@ -261,7 +265,7 @@ CONFIG_SCHEMA = cv.All(
         {
             cv.GenerateID(): cv.declare_id(MicroWakeWord),
             cv.GenerateID(CONF_MICROPHONE): cv.use_id(microphone.Microphone),
-            cv.Optional(CONF_PROBABILITY_CUTOFF): cv.float_,
+            cv.Optional(CONF_PROBABILITY_CUTOFF): cv.percentage,
             cv.Optional(CONF_SLIDING_WINDOW_AVERAGE_SIZE): cv.positive_int,
             cv.Optional(CONF_ON_WAKE_WORD_DETECTED): automation.validate_automation(
                 single=True
diff --git a/esphome/components/micro_wake_word/micro_wake_word.cpp b/esphome/components/micro_wake_word/micro_wake_word.cpp
index 8a443bc224..f0b3d55a9d 100644
--- a/esphome/components/micro_wake_word/micro_wake_word.cpp
+++ b/esphome/components/micro_wake_word/micro_wake_word.cpp
@@ -53,8 +53,15 @@ static const LogString *micro_wake_word_state_to_string(State state) {
   }
 }
 
+void MicroWakeWord::dump_config() {
+  ESP_LOGCONFIG(TAG, "microWakeWord:");
+  ESP_LOGCONFIG(TAG, "  Wake Word: %s", this->get_wake_word().c_str());
+  ESP_LOGCONFIG(TAG, "  Probability cutoff: %.3f", this->probability_cutoff_);
+  ESP_LOGCONFIG(TAG, "  Sliding window size: %d", this->sliding_window_average_size_);
+}
+
 void MicroWakeWord::setup() {
-  ESP_LOGCONFIG(TAG, "Setting up Micro Wake Word...");
+  ESP_LOGCONFIG(TAG, "Setting up microWakeWord...");
 
   if (!this->initialize_models()) {
     ESP_LOGE(TAG, "Failed to initialize models");
@@ -63,7 +70,7 @@ void MicroWakeWord::setup() {
   }
 
   ExternalRAMAllocator<int16_t> allocator(ExternalRAMAllocator<int16_t>::ALLOW_FAILURE);
-  this->input_buffer_ = allocator.allocate(NEW_SAMPLES_TO_GET);
+  this->input_buffer_ = allocator.allocate(INPUT_BUFFER_SIZE * sizeof(int16_t));
   if (this->input_buffer_ == nullptr) {
     ESP_LOGW(TAG, "Could not allocate input buffer");
     this->mark_failed();
@@ -81,7 +88,7 @@ void MicroWakeWord::setup() {
 }
 
 int MicroWakeWord::read_microphone_() {
-  size_t bytes_read = this->microphone_->read(this->input_buffer_, NEW_SAMPLES_TO_GET * sizeof(int16_t));
+  size_t bytes_read = this->microphone_->read(this->input_buffer_, INPUT_BUFFER_SIZE * sizeof(int16_t));
   if (bytes_read == 0) {
     return 0;
   }
@@ -279,11 +286,6 @@ bool MicroWakeWord::initialize_models() {
 }
 
 bool MicroWakeWord::update_features_() {
-  // Verify we have enough samples for a feature slice
-  if (!this->slice_available_()) {
-    return false;
-  }
-
   // Retrieve strided audio samples
   int16_t *audio_samples = nullptr;
   if (!this->stride_audio_samples_(&audio_samples)) {
@@ -369,20 +371,36 @@ void MicroWakeWord::set_sliding_window_average_size(size_t size) {
 bool MicroWakeWord::slice_available_() {
   size_t available = this->ring_buffer_->available();
 
+  size_t free = this->ring_buffer_->free();
+
+  if (free < NEW_SAMPLES_TO_GET * sizeof(int16_t)) {
+    // If the ring buffer is within one audio slice of being full, then wake word detection will have issues.
+    // If this is constantly occuring, then some possibilities why are
+    //  1) there are too many other slow components configured
+    //  2) the ESP32 isn't fast enough; e.g., an ESP32 is much slower than an ESP32-S3 at inferences.
+    //  3) the model is too large
+    //  4) the model uses operations that are not optimized
+    ESP_LOGW(TAG,
+             "Audio buffer is nearly full. Wake word detection may be less accurate and have slower reponse times. "
+#if !defined(USE_ESP32_VARIANT_ESP32S3)
+             "microWakeWord is designed for the ESP32-S3. The current platform is too slow for this model."
+#endif
+    );
+  }
+
   return available > (NEW_SAMPLES_TO_GET * sizeof(int16_t));
 }
 
 bool MicroWakeWord::stride_audio_samples_(int16_t **audio_samples) {
+  if (!this->slice_available_()) {
+    return false;
+  }
+
   // Copy 320 bytes (160 samples over 10 ms) into preprocessor_audio_buffer_ from history in
   // preprocessor_stride_buffer_
   memcpy((void *) (this->preprocessor_audio_buffer_), (void *) (this->preprocessor_stride_buffer_),
          HISTORY_SAMPLES_TO_KEEP * sizeof(int16_t));
 
-  if (this->ring_buffer_->available() < NEW_SAMPLES_TO_GET * sizeof(int16_t)) {
-    ESP_LOGD(TAG, "Audio Buffer not full enough");
-    return false;
-  }
-
   // Copy 640 bytes (320 samples over 20 ms) from the ring buffer
   // The first 320 bytes (160 samples over 10 ms) will be from history
   size_t bytes_read = this->ring_buffer_->read((void *) (this->preprocessor_audio_buffer_ + HISTORY_SAMPLES_TO_KEEP),
diff --git a/esphome/components/micro_wake_word/micro_wake_word.h b/esphome/components/micro_wake_word/micro_wake_word.h
index 82f28b2ebb..27d05c3e09 100644
--- a/esphome/components/micro_wake_word/micro_wake_word.h
+++ b/esphome/components/micro_wake_word/micro_wake_word.h
@@ -66,6 +66,7 @@ class MicroWakeWord : public Component {
   void setup() override;
   void loop() override;
   float get_setup_priority() const override;
+  void dump_config() override;
 
   void start();
   void stop();
@@ -74,6 +75,8 @@ class MicroWakeWord : public Component {
 
   bool initialize_models();
 
+  std::string get_wake_word() { return this->wake_word_; }
+
   // Increasing either of these will reduce the rate of false acceptances while increasing the false rejection rate
   void set_probability_cutoff(float probability_cutoff) { this->probability_cutoff_ = probability_cutoff; }
   void set_sliding_window_average_size(size_t size);
diff --git a/esphome/components/remote_base/drayton_protocol.cpp b/esphome/components/remote_base/drayton_protocol.cpp
index 6c617f56c8..acfb7a0f16 100644
--- a/esphome/components/remote_base/drayton_protocol.cpp
+++ b/esphome/components/remote_base/drayton_protocol.cpp
@@ -14,7 +14,7 @@ static const uint8_t NBITS_ADDRESS = 16;
 static const uint8_t NBITS_CHANNEL = 5;
 static const uint8_t NBITS_COMMAND = 7;
 static const uint8_t NDATABITS = NBITS_ADDRESS + NBITS_CHANNEL + NBITS_COMMAND;
-static const uint8_t MIN_RX_SRC = (NDATABITS * 2 + NBITS_SYNC / 2);
+static const uint8_t MIN_RX_SRC = (NDATABITS + NBITS_SYNC / 2);
 
 static const uint8_t CMD_ON = 0x41;
 static const uint8_t CMD_OFF = 0x02;
@@ -135,7 +135,7 @@ optional<DraytonData> DraytonProtocol::decode(RemoteReceiveData src) {
       .command = 0,
   };
 
-  while (src.size() - src.get_index() > MIN_RX_SRC) {
+  while (src.size() - src.get_index() >= MIN_RX_SRC) {
     ESP_LOGVV(TAG,
               "Decode Drayton: %" PRId32 ", %" PRId32 " %" PRId32 " %" PRId32 " %" PRId32 " %" PRId32 " %" PRId32
               " %" PRId32 " %" PRId32 " %" PRId32 " %" PRId32 " %" PRId32 " %" PRId32 " %" PRId32 " %" PRId32
@@ -150,7 +150,7 @@ optional<DraytonData> DraytonProtocol::decode(RemoteReceiveData src) {
     }
 
     // Look for sync pulse, after. If sucessful index points to space of sync symbol
-    while (src.size() - src.get_index() >= NDATABITS) {
+    while (src.size() - src.get_index() >= MIN_RX_SRC) {
       ESP_LOGVV(TAG, "Decode Drayton: sync search %d, %" PRId32 " %" PRId32, src.size() - src.get_index(), src.peek(),
                 src.peek(1));
       if (src.peek_mark(2 * BIT_TIME_US) &&
diff --git a/esphome/components/shelly_dimmer/light.py b/esphome/components/shelly_dimmer/light.py
index 5bdb54baf5..625784427f 100644
--- a/esphome/components/shelly_dimmer/light.py
+++ b/esphome/components/shelly_dimmer/light.py
@@ -29,7 +29,8 @@ from esphome.const import (
 from esphome.core import HexInt, CORE
 
 DOMAIN = "shelly_dimmer"
-DEPENDENCIES = ["sensor", "uart", "esp8266"]
+AUTO_LOAD = ["sensor"]
+DEPENDENCIES = ["uart", "esp8266"]
 
 shelly_dimmer_ns = cg.esphome_ns.namespace("shelly_dimmer")
 ShellyDimmer = shelly_dimmer_ns.class_(
diff --git a/esphome/components/xl9535/xl9535.cpp b/esphome/components/xl9535/xl9535.cpp
index 8f4f556b4a..93c65a4cb7 100644
--- a/esphome/components/xl9535/xl9535.cpp
+++ b/esphome/components/xl9535/xl9535.cpp
@@ -36,14 +36,14 @@ bool XL9535Component::digital_read(uint8_t pin) {
       return state;
     }
 
-    state = (port & (pin - 10)) != 0;
+    state = (port & (1 << (pin - 10))) != 0;
   } else {
     if (this->read_register(XL9535_INPUT_PORT_0_REGISTER, &port, 1) != i2c::ERROR_OK) {
       this->status_set_warning();
       return state;
     }
 
-    state = (port & pin) != 0;
+    state = (port & (1 << pin)) != 0;
   }
 
   this->status_clear_warning();
diff --git a/esphome/config_validation.py b/esphome/config_validation.py
index fa1170fb93..9f577773d4 100644
--- a/esphome/config_validation.py
+++ b/esphome/config_validation.py
@@ -57,6 +57,7 @@ from esphome.const import (
     TYPE_GIT,
     TYPE_LOCAL,
     VALID_SUBSTITUTIONS_CHARACTERS,
+    __version__ as ESPHOME_VERSION,
 )
 from esphome.core import (
     CORE,
@@ -1895,6 +1896,16 @@ def version_number(value):
         raise Invalid("Not a valid version number") from e
 
 
+def validate_esphome_version(value: str):
+    min_version = Version.parse(value)
+    current_version = Version.parse(ESPHOME_VERSION)
+    if current_version < min_version:
+        raise Invalid(
+            f"Your ESPHome version is too old. Please update to at least {min_version}"
+        )
+    return value
+
+
 def platformio_version_constraint(value):
     # for documentation on valid version constraints:
     # https://docs.platformio.org/en/latest/core/userguide/platforms/cmd_install.html#cmd-platform-install
diff --git a/esphome/const.py b/esphome/const.py
index 39ef0f8475..776ae86d19 100644
--- a/esphome/const.py
+++ b/esphome/const.py
@@ -1,6 +1,6 @@
 """Constants used by esphome."""
 
-__version__ = "2024.2.0b1"
+__version__ = "2024.2.0b2"
 
 ALLOWED_NAME_CHARS = "abcdefghijklmnopqrstuvwxyz0123456789-_"
 VALID_SUBSTITUTIONS_CHARACTERS = (
diff --git a/esphome/core/config.py b/esphome/core/config.py
index e4a1fdcafa..f3d732a8fc 100644
--- a/esphome/core/config.py
+++ b/esphome/core/config.py
@@ -102,16 +102,6 @@ def valid_project_name(value: str):
     return value
 
 
-def validate_version(value: str):
-    min_version = cv.Version.parse(value)
-    current_version = cv.Version.parse(ESPHOME_VERSION)
-    if current_version < min_version:
-        raise cv.Invalid(
-            f"Your ESPHome version is too old. Please update to at least {min_version}"
-        )
-    return value
-
-
 if "ESPHOME_DEFAULT_COMPILE_PROCESS_LIMIT" in os.environ:
     _compile_process_limit_default = min(
         int(os.environ["ESPHOME_DEFAULT_COMPILE_PROCESS_LIMIT"]),
@@ -164,7 +154,7 @@ CONFIG_SCHEMA = cv.All(
                 }
             ),
             cv.Optional(CONF_MIN_VERSION, default=ESPHOME_VERSION): cv.All(
-                cv.version_number, validate_version
+                cv.version_number, cv.validate_esphome_version
             ),
             cv.Optional(
                 CONF_COMPILE_PROCESS_LIMIT, default=_compile_process_limit_default