Minecraft flickers on latest Intel drivers (?)

I've heard that this is a bug on the newest Intel drivers, but I'm uncertain.
Minecraft will flicker insanely, as seen in this example video: https://www.youtube.com/watch?v=NQoR7EDwiNA
I have also tested this on Minecraft 1.0.0, Minecraft 1.7.2, Minecraft 1.7.4, and Minecraft 14w26c.