This is a bit of a more unusual bug to report:
The screenshot above is unedited - the black box is rendered by the Stack Exchange application.
Phone: Samsung Galaxy Discover running Android 4.0.4 (ICS)
I'm using v. 0.1.55 on a Pantech Element.
I see all question and answer text as a black box. Quotes have a white background, so look like I'd expect text to look. Links show as bright underlined blue on a black background. Comments and Title are normal.
Update: 1.0.6 is now out.
Good news everyone!
This has been fixed as of version 1.0.6 which should be hitting the Play Store within the next 6-8 hours.
Technical description follows for those inclined to read it.
Some backstory first: During our alpha we noticed that scrolling quickly through answers led to a flickering black box each time the contents of the answer were displayed. In our testing we learned that this was only happening on GPU accelerated devices. When we looked into it, it ended up being a bug with how the GPU acceleration handles
Well, it turns out that in 4.0.x there is a bug when you try to use transparent
As of version 1.0.6 we don't do our black-flickering hack on devices that are running below version 4.1 of the OS.