Getting the same result here as well....
I have seen the same thing, and chalked it up to something on my system not being right till I saw this post. It started with the November release as far as I can remember....
Here is a screen capture of the normal main menu:
Here is a capture if a "reloadskin" command is executed: (Using the 12/01/09 release). The screens stays like this for around a second till the skin is completely reloaded.
I am using the Standard windows Ariel font for the labels.