Seeing this in rawhide-latest as of March 8, 2004. The splash screen in the isolinux screen is very grainy and has numerous artifacts in the image. Also, the Fedora ransom note is very rough around the edges as if the alpha blending is not working.
The splash screen is like this because it's a _TEST_ splash. The final one isn't like that. Similarly, the rnote is back to the old size since that's what I had test graphics available for. The final release will have the polished graphics that are correct.