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Eh. Looking back, it sounds like his take is fairly nuanced. From what he's said in the past, it sounds like he's said that he doesn't think that entering the arrangement was actually worthwhile for the US, but that he's also hesitant to withdraw from an agreement once entered into.
https://thenightly.com.au/politics/world/elbridge-colby-man-vying-to-be-donald-trumps-next-security-adviser-questions-viability-of-aukus-c-15058991
It sounds like his argument is that the main risk of a military conflict with China over Taiwan, where these would play a role, is relatively near-term. Australia hasn't stated that it would defend Taiwan, and AUKUS won't result in an aggregate increase in submarines across the US and Australia for some time, which means that it would reduce the number of submarines available to fight China.
Assuming that all that is accurate, that seems to be a fair take to me. My guess is that what he's actually after, given his phrasing, is not trying to trying to end AUKUS, but to get Australia to also commit to defending Taiwan as a condition for it.
I've no idea whether that's something that would be totally unacceptable to Australia or not.
At one point, the US did try to put together an analog to NATO in the Pacific, SEATO. It didn't really go anywhere. But conditions have also changed.
https://en.wikipedia.org/wiki/Southeast_Asia_Treaty_Organization
Australia was a member. Taiwan was not. But the US might be aiming to build a new Pacific alliance today.
No-one is going to want to commit nuclear attack submarines to a future hypothetical. It’s insane.
China is our largest trading partner and our government has made a significant effort to rebuild relations with China since the previous government trashed the relationship. I don't have a source handy, but I recall seeing a poll that found that at least a plurality of Australians would not support joining a hypothetical war against China over Taiwan, and I think that was before Trump took over again. Australian public opinion of the US is in freefall like in so many other countries, so I can't imagine support for going to war with China would have increased in the last 5 months.