Running on Win7 64-bit, using Chrome. Very simple to reproduce, just add the effect to a Particles object and watch it not work correctly. <img src="smileys/smiley17.gif" border="0" align="middle" /> It seems to warp all the particles as one object, rather than each one individually as it did in r104 (I never used r105, so I don't know about that one).
I swear, if this is another driver bug on my end...