I haven’t seen this bug reported yet. I played for about 3 hours, and once the world continued generating, I started experiencing several lighting-related issues. For example, I could no longer use the spyglass properly because everything appeared extremely bright and glowing green. The image was also glitching and flickering, like in the screenshot.
Another issue happened when I used a workbench — everything became completely dark, and the lighting only returned to normal after I looked up at the sky again.
I also experienced a crash after these bugs occurred, when I stopped at an island and went ashore.