All my textures are white! its on a older device (same snapshot as ony my Mac and it works there)
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I wish, deleted whole .minecraft folder and added new minecraft.jar
Yes the exact same thing is happening to me. The only objects the display properly it seems is; Armor, mobs, chests, ender chests, trapped chests, the GUI's of chests and stuff, the statistics, esc pause screen, option screens and the main menu.

I checked the .jar file. All fine in there. Tried restarting minecraft and still didn't worked. I hope that doesn't mean old desktops support is dropping.
are you using a texture pack?

No texture pack

Forced crash to get full report: http://pastebin.com/1DcJGh4C
As you can see in System details, no texture pack or mod in the .jar.

Can anyone who is experiencing this issue (and nobody else) please go load up the game (don't join a world), go to options, screenshot their snooper stats (all of them) and attach them here please?
I too have this bug =( I have screenshots of my minecraft =(

As requested by Dinnerbone, Snooper stats: http://i.imgur.com/TVXD2.png
Did a certain Dinnerbone request some Snooper Stats? http://imgur.com/S681E,wQ6Ga,15oix,guVKm
Having some differences with you (don't know if this cares).. here's mines : http://i.imgur.com/xgCfC.png http://i.imgur.com/w3HP2.png
90% bug free! xD
As requested by Dinnerbone, Snooper stats: http://i.imgur.com/7U1jH.png

Please try the following:
Download http://dinnerbone.com/media/uploads/2013-01/files/minecraft_13w02a_pow_of_two_test.jar and install it as you would a snapshot (just replace your minecraft.jar with this one)
Load up the game, join a world.
See if the world is white or not. Tell me 🙂
If it is white, please go to your .minecraft folder and attach your stitched_terrain.png image from there to here (But ONLY if you are using that test jar).

Still white textures. Here is the stitched_terrain.png: http://i.imgur.com/AFiDN.png

Interesting. Thank you, I'll look into this more.
Still white textures
http://imgur.com/cEA10
i've same problem
https://pbs.twimg.com/media/BASzbr3CMAAONIi.png
Windows 7 ultimate.
Java 1.7
Snooper screenshots as requested by Dinnerbone http://imgur.com/a/z7uVb
My snooper screens: http://imgur.com/a/oHTX9
The test .jar did not help.
stitched_terrain.png : http://i.imgur.com/mL6Je.png
snooper data : http://imgur.com/a/o64d3
Having the same problem.
http://imgur.com/a/32Trf
My snooper screenshots.
And as a side note. I launch Minecraft from .bat and the comannd line is spammed with:
GL ERROR ##########
@ Pre render
1281: Invalid value
Tested the posted .jar. Still same problems Screenshot: http://i.imgur.com/rgsK2.png
And The two "Stiched" Files: Items - http://i.imgur.com/XQlDw.png Terrain - http://i.imgur.com/xutcI.png
And Command line is still spammed with errors.
Dinnerbone - are any of these textures loaded on a background thread?
Same bug with me, pics ans Snooper data on http://imgur.com/a/dJSvp

The issue is that our code is not correctly generating square textures, and your graphics drivers require it. I'm working on it.
This may be a problem. My stitched textures are not located in the .minecraft! I used your .jar and like the original, it saves the stitched textures to my desktop. I inserted the stitched textures into the .minecraft folder and it still didn't work. It saved it onto my desktop once again. Is this a problem?

That's 100% fine; that image was just put in for debugging, it isn't actually used by the game.
18 duplicates 😞
poor moderators!
I searched it first, than reported, also added relevant tags 🙂
Thanks Dinnerbone for the fix, after Minecone I din't think much of you, but now you changed my mind a lot 🙂
Love the updates and I will try to post any bugs I find and not duplicate 🙂

Works perfectly on new snapshot. Great work Dinnerbone.
Thanks, and to those Moderators sorry about the duplicate I made. Go Dinnerbone!
Confirmed
This is back. Or at least I think so. Happened to me three times. MC-170388
same