i have a Nexus 7 that occaisonally glitches like that, or has a yellow line going up and down one part of the screen. since Nexus devices get the latest version of Android first, it could simply be some bugs that have yet to be patched by Google, a common part of being an early adopter. my Nexus 7 also seems to randomly have color bleed on the left and right sides on a white page in Chrome, and, as of the 4.2.2 update, sometimes loses the right half of the LCD completely if i unlock during a screen rotation gesture.