Viewing yourself in 3rd person view while sneaking, you will appear to "float". The attached picture shows the player floating when you look closely.
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is duplicated by 3
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Is there anything I do after a bug is confirmed? I have 2 confirmed and I don't know if I wait or what.
That's right. The purpose of this bug tracker is to make it more simple for developers to be aware of existing problems. When they correct the bugs you have issued, they will be listed as resolved/fixed and you will receive notification of this.
Not exactly the best screenshot to demonstrate, but I can confirm this.