Hello. I am running the latest Photoshop. I do a lot of typesetting and was fine editing all week. Today, I was laying down some text and when I went to add some warp effects to some words, I noticed that aside from the general effects I was adding to the text Photoshop was also distorting the actual fonts- as if i was putting a secondary "wave" or "distortion" effect on the letters changing them entirely. I noticed this was only happeneing to the regular font in question and not it's italic version. I thought it may have become corrupted- either the font or the font cache so first I deleted and then re-installed the font which didn't work. Then I deleted the cache so Photoshop would create a new one- this did not work. Finally, I opened the same file in the last version of Photoshop released, edited the text to my liking and then saved and closed the file. I re-opened this in the latest Photoshop and the problem went away. Very odd.
Update : It appears I am going to have to open every PSD file I am working on in the last release as the same issue keeps occuring. I can sort of "fix" the problem by working normally in the older version saving it and then opening it in the latest version but at this point I may as well not use the latest release.