BF4 Image distortion and quality issues (horizontal lines / banding and red blue flickering / shifting "EMP Blur Effect") - PS4 / PC / Xbox x

Thanks - interesting to see this happening on PC too. I couldn't seem to undo it by heading to the settings however.

I've finally managed to download a shared video from the console, showing the issue here:

https://dl.dropboxusercontent.com/u/5703596/986173_10151768261531727_1735236435_n.mp4

(right click to save as and view on your computer for best results)

You can see right throughout the start of the video the blue and orange shifting effect. It's a real shame because when the game isn't doing this, it looks fantastic. But as I mentioned before this can be quite dizzying and unpleasent when playing.

I spoke to a friend of mine on BF4, also PS4 and he too said he was experiencing this issue and described it as extremely annoying. 

Is this in a list of known bugs? Is there a roadmap for fixes?