This is basically the same 2D Sakuras visual distortion you get when you lay down a repititious 2D texture grid on a flat 3D plane with minor variations.
At first I thought it was my videocard or the game video engine going screwy, but then I noticed it also moved when I moved my head, and not the image itself.
So for all the people who complain of texture shimmer, it may literally be all in your head. Strange how the human mind distorts images that are perfectly still