Hi KarioKong1,
I’ve also seen this “flashing” behavior on-device in one of my currently-in-production apps, but it only seems to happen on launch, and only for a few seconds. My previously-published apps are not showing this behavior on my iOS 8 iPhone (iPhone 5S/Verizon, in case that helps - Apple uses different firmwares for each phone model & carrier). Especially if you are seeing this for published apps, you should definitely file a bug report with Apple. It’s definitely a regression bug that will likely get squashed in a future beta release…that’s what the beta period is for, after all! But it won’t get squashed if people don’t report it, so be sure to file a bug. At least now we’ve got the Bug Reporter app so we can send a report from the device.
As for downgrading, I think you are probably out of luck. But you could always try downloading an iOS 7 update file from http://www.jailbreakeye.com/download-ipad-ios-firmwares, which has links to official Apple firmware DMGs. Then try to restore from that file in iTunes…but again, I don’t anticipate that this will work. Apple’s official stance is that once you’re in the beta, you’re committed.
As for creating device builds, I am beginning to think I’m just plain lucky, because others have reported that they aren’t able to. I managed to make it work by opening up a project (command-O) and once it opens, even though the simulator window is blank, hit command-B and tell it to create a build. Like I said, it’s still crash-prone, but I managed to get one of projects to build, and it did work on-device. Your mileage may vary.
I can’t say when Corona Labs will get around to making a build that works in Yosemite, but don’t hold your breath. It’s a barely-in-beta OS, and CL can’t devote too much time to checking compatibility with a not-yet-released operating system. My guess is that we’re probably a month or two away from them really devoting much energy towards Yosemite compatibility. And any fixes on the CL side of things will almost certainly be available exclusively in daily builds, at least for a while (it looks like you are a starter edition user?). Hopefully whatever screwed up the compatibility will get fixed in a future beta revision.