Well, title says it all. It makes many activities quite risky and/or unenjoyable.

Known issue. They're working on it. There have already been two other threads about this within the last day, both of which have obvious names. Granted, they are in General instead of Bugs for some reason.

http://www.vendetta-online.com/x/msgboard/1/28823
http://www.vendetta-online.com/x/msgboard/1/28827

I believe they are in General because it is an announcement, rather than a report.