Smart Cover Owners, Does your iPad "Flicker" When opening?

Any resolution to this yet? I discover this happening to mine, even while not using the magnet sensor just hitting the sleep button, only seams to do it when the action, off-on is switched rapidly. I am only concerned as I can see this developing into a larger problem as I feel with all electronics things don't just correct them selves they almost always just get worse.

I also made a video and have edited it to run in 8x slow motion, there appears to be a large white stripe down the middle that isn't noticeable at first and colorful lines all around.

I will post back after my genius bar appointment
 
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