I just posted a similar thread on the high sierra board, but I though I would post here to and see if anyone has seen this issue with their 2011 iMac (21.5").
Well, I loaded the update to High Sierra, and am still getting intermittent graphics corruption. I am positive it is the hardware that is giving out.
The question now is should I take the iMac to apple (it is almost vintage, and will be classified as such any day), order a used replacement ($300+ when I looked) to install myself, or simply cut my losses and start looking for a new computer?
I have a copy of apple's hardware diagnostic test that I acquired, and it shows the graphics card as ok, so I am not sure if I would be wasting my time or not taking it into apple.
In addition to the failing graphics, the dvd drive has been inop for a few years. I currently use a USB bluray drive instead.
Right now the computer is still operable (with minor graphics issues) so I may be able to nurse this until the iMac/macbook pro/mac mini receive the next updates.
I am torn on what model computer to replace the iMac with as well.