We had someone who had a similar problem. The flickering text did not disappear for seconds, but it was quite noticeable. She used a view that displayed her text highly magnified and would most often see this problem when she was typing a long sentence near the bottom of a page. I believe it is a problem with Word 'thinking' between keystrokes because it occured in the same rhythym as the typing. I also think that auto-check for spelling and grammar might exacerbate the problem as they continually re-evaluate the sentence, though I never tested it.<br>
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Try changing the view and see if that helps. Secondarily, disabling the Grammar and Spell-as-you-go might also help.