IDE 0022 Serial monitor bug?

No, no other speed settings convert garbage into text.
But I have noticed that when I use Serial.begin(9600) (serial output is OK at IDE setting 9600), I still can see this output when I switch serial monitor to 14400. This happens only on 9600. Any other board rates only produce correct output when serial monitor is set to matching speed.
Just tried the same on a different computer, Windows 7, IDE 0022. Same bug.