It seems so, but the effect can last long enough as to appear permanent.
It's probably not a bug, and it sorts itself out fairly quickly now that I redownloaded (just to see if that would make a difference), but it's never happened before.
The issue does seem to disappear after quitting and then loading the world again, but I'm not sure how reliable that would be as a solution.
Any newly created world.
Any body of water.
But here's the world I tested it on anyway:
-9217778996234552499
x: 53
y: 63
z: 101
This can happen in all game modes. Will try to get screenshots of second issue.
As long as I know it'll be gone in 1.8. Thank you 😃
Sorry for the duplicate but there are a rather significant amount of issues relating to skins and most of the ones I found were reporting the opposite (everyone else being Steve but the bug reporter seeing their own skin).