Anyone else having a similar issue post patch 1.8?

My Problem:
Whenever I open up the menu, whatever filter/effect (im not sure of the technical name) that is applied to your characters on screen hands or armor to make them look blurred behind the on screen menu doesnt go away when I close the menu. So for instance :

1.Daedric Gloves equipped and fists raised on screen in 1st person. Texture on Gloves normal
2. Open menu or start menu and close menu. Gloves lose texture detail and look washed out.
3. Open Menu again. Close. Gloves lose even more texture detail and appear even further washed out.
4. Open Menu. Close. Gloves lose no further detail but look horribly washed out.

I found that I can fix this by sheathing/putting hands down, unequiping whatever current armor I have on, equiping another different set of armor, raising my hands/unsheathing a weapon, lowering my hands/sheathing a weapon, and re-equiping the original armor I was wearing.

The onscreen armor will appear normal in 1st person until I open a menu again at which point it will start losing texture as described above.

Also on a fairly regular basis various textures in the game will look extremely washed out/ lacking fine detail.