Started noticing cycling resolution landscape similar to your first gif just a day or two before this update in my main base. Though it would be just a cause of having a huge base, so I was quite happy with this part of the update:
However this seemed to have produced the opposite effect. Before the update I only ever noticed it in one landscape place, on the mountain that leads to a camp above the Black Galleon.
Now it’s in all textures of my bases and it gets worse if you have more than one style of foundations/walls on it - it flickers trough resolutions every 3-5 seconds, not good for your eyesight.
I’m on single player so I tried restarting the PS4 (have 200gigas left out of 1tera, should have plenty of space), and restarting the game. Besides it not working, often closing the game down causes me to either have the CE-34878-0 error, crashing the PS4 altogether or having a warning box with no message and a small rollback when I log back in (I’m building so I notice part of my changes haven’t been saved)