I have an option on my TV that's called "Noise Reduction" and at maximum it's reduce like 80% on this f@*#! glitch

In normal vision, because nano vision still look awfull ...
If it can help some people until Crytek launch a patch to fix it !
And yes, it doesn't make the game "unplayable" it's just unacceptable.
We aren't talking about a bug on a specific grafic card or a specific configuration on PC, this is happening on the Xbox 360 !
They should know perfectly how it works (in my opinion)
I have this option as well on my Bravia...what exactly does 'Noise Reduction' do?