I can confirm this. I have the same problem (kind of), just that my ALT+F1 is VERY colorful.
I have a homebuilt system with a nvidia card and a Acer AL1916W (wide)
TFT-screen.
** Changed in: usplash (Ubuntu)
Status: Unconfirmed => Confirmed
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Edgy usplash corrupts all my virtual consoles
https://launchpad.net/bugs/58781
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