I can also confirm this, although my virtual consoles have a slightly different look. The screens of my virtual consoles are completely filled with horizontal lines and a blinking cursor.
I also have an ATI card: x700 -- Edgy usplash corrupts all my virtual consoles https://launchpad.net/bugs/58781 -- ubuntu-bugs mailing list ubuntu-bugs@lists.ubuntu.com https://lists.ubuntu.com/mailman/listinfo/ubuntu-bugs
