I was just using Chrome when the screen flashed a couple times and when it was done my desktop looked like this 
None of window effects or most hotkey work any more. I filled a bug report and have this backtrace info if it helps :
-- Backtrace:
Application: KWin (kwin), signal: Segmentation fault
[KCrash Handler]
#7 0xafd602ce in intel_batchbuffer_emit_dword (batch=0x943d828) at
../intel/intel_batchbuffer.h:106
#8 intel_batchbuffer_emit_mi_flush (batch=0x943d828) at
intel_batchbuffer.c:301
#9 0xafd6ccaa in intel_finish_render_texture (ctx=0x94235e0, att=0x97b2b9c) at
intel_fbo.c:606
#10 0xafbb6899 in check_end_texture_render (ctx=0x94235e0, fb=0x97b29c0) at
main/fbobject.c:1362
#11 0xafbb89ef in _mesa_BindFramebufferEXT (target=36160, framebuffer=0) at
main/fbobject.c:1481
#12 0xb6c74ce8 in KWin::GLRenderTarget::initFBO (this=0x97b3060) at
../../../kwin/lib/kwinglutils.cpp:1051
#13 0xb6c754e8 in KWin::GLRenderTarget::GLRenderTarget (this=0x97b3060,
color=0x9793e08) at ../../../kwin/lib/kwinglutils.cpp:932
#14 0xae90e405 in KWin::BlurEffect::BlurEffect (this=0x97afc90) at
../../../kwin/effects/blur/blur.cpp:43
#15 0xae90e52d in KWin::effect_create_kwin4_effect_blur () at
../../../kwin/effects/blur/blur.cpp:29
#16 0xb7861229 in KWin::EffectsHandlerImpl::loadEffect (this=0x9762380,
name=...) at ../../kwin/effects.cpp:1128
#17 0xb78624ef in KWin::EffectsHandlerImpl::reconfigure (this=0x9762380) at
../../kwin/effects.cpp:143
#18 0xb7839525 in KWin::Workspace::setupCompositing (this=0x9753438) at
../../kwin/composite.cpp:216
#19 0xb77b09f6 in KWin::Workspace::Workspace (this=0x9753438, restore=false) at
../../kwin/workspace.cpp:222
#20 0xb77ca410 in KWin::Application::Application (this=0xbfb17b74) at
../../kwin/main.cpp:330
#21 0xb77cc1b7 in kdemain (argc=3, argv=0xbfb17df4) at ../../kwin/main.cpp:516
#22 0x080485bb in main (argc=3, argv=0xbfb17df4) at kwin_dummy.cpp:3