$ionicLoading strange behavior after 1.2.1 amsterdam

After updating to 1.2.1 amsterdam I’ve noticed that $ionicLoading has some strange behavior. It shows up fine, with or without text, but whenever I call hide() it shows an small empty overlay… smaller that the one shown when calling show(). It is only visible very briefly; we’re talking something like 200 milliseconds or so.

Has anyone else noticed the same behavior?

Example (the small overlay appearing just after I call hide() on $ionicLoading);

Yes I believe I have this same behavior. I see it for a slight second before it disappears.