Android ICS (4.0) Web Touch Events

Something strange has appeared in one of my apps. It looks like with the new version the webview stops handling touch events continuously and instead waits for the user to remove their finger from the screen before any actual event handling (or rendering) will take place.

Simply put, in versions prior to 4.0 (don't know about 3.0), when the user does something on the screen (like zooming or scrolling), it is immediately displayed, the ICS web browser will only show the changes when the user removes his fingers.

Has anyone come across something similar? And how to defeat this?