While exploring the world, odd floating errors(such as the one shown in the screenshot) occur. I do not believe it is my system, unless I'm having graphic card problems, as it has never occurred until I installed the snapshot. I am using the in-development launcher that is available for download on the Mojang site.
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21st Duplicate of MC-129, please use the search function to see if your bug has already been submitted. Currently over 57% of tickets are being closed as duplicate.