You're not the only one ... from what i have gathered it is hapening to lots of people running any of the last few releases of VCC.
On my main rig i am running 12.3 and all is good...
On my gaming rig i have tested 12.10 and 12.11 beta and having flickering issues.
Its not hardware related because my rigs share the same hardware. Something is broken in VCC ....
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Pics of my rig
FX-8350 @ stock, custom water cooling, 8Gig Corsair Dom 2133 9-11-10-27, Asus CH V Formula, SilverStone ST-1500 PSU, Auzentech X-Fi Prelude, Logitech Z-5500D , 1 x Water Cooled HIS 7970, Asus VW246H Monitor, Win 7 64Bit HP, Corsair 800D Case