It seems a couple of different issues are merging together to create a larger issue in this image. What we think is happening are
1) Pink texture issue: This has been ongoing investigation with our team and they feel they are getting close to resolving it.
2) A shadow issue: This shadow issue is what is creating that black circle around you. This seems to be a new issue and the team is currently looking into the cause and a solution.
So if we combine those two issues, it seems we get what you have run into during your game session. Do you get the pink color or shadow issue every game, every few games? About how often?