Also, it's definitely NOT a video hardware problem. I proved this by taking screen snapshots. The snapshot image shows the stuffed up colors and artifacting problems even on another computer.
See here for before scroll:
http://cybermedix.co.nz/misc/before-scroll.png
And here for after scroll:
http://cybermedix.co.nz/misc/after-scroll.png
The problem is very obvious, no? That was scrolling back and forth an inch or two about ten times to make the problem really bad. The more you scroll up and down, the worse it gets.
I can also confirm that it doesn't matter in what manner the display is scrolled, or what application is being scrolled. Mouse wheel, Scroll Slide-bar, Firefox, Safari -- it happens everywhere, through any means of scrolling.
Also, in general, if one selects all the affected text then deselects, the colors return to normal -- further evidence that hardware is not the cause.