Honestly, not sure why v1.06 would make a difference. However, for me at least, approximately 20% of the time the game would load with most characters visible - certainly enough to be playable in battles, although not enough for story scenes - and due to the text being offset, a fair few things aren't visible either (e.g. text near status bars). Just try reloading and going to character status; if you can read that, the game is probably going to be playable.
Incidentally, looking through the source of krkrz leads me to believe that this is probably a missing font issue; I'll try to figure out what font is missing in the near future.