I tried to watch a video on Youtube, on HD. the very moment I hit play, my screen enters the matrix :
http://www.youtube.com/watch?v=dmDPLUnbnZI
I immediately reset, and my screen now blinked like it was about to die. used some built-in LCD conditioning and it fixed temporary. I get that blinking sometimes after the incident.
Also, when working on eg : Photoshop (cs6), I get frequent glitches that look like this :

I am highly aware that this is probably a GPU issue. Before going for something else, I'd like to see if anyone has any info on what might cause this.
Windows 7 AMD RADEON HD 7970 DELL U2412M - (also occured on another monitor)