For a game that otherwise looks so good, this is a huge annoyance. They really need to fix this, it's very distracting.
It only happens on areas of partial transparency.
It's especially bad with shadows on the ground:
http://i.imgur.com/evYVN.jpg It actually looks worse than this, but since it gets converted to a jpg it is blurred a bit and looks better than it appears in-game.
It isn't the only way to do these either, so why they picked such a terrible way to do transparency I don't know. The only other game I've seen this bad is Just Cause 2. Pretty much every other game I checked does partial transparency and shadowing much better.