Really cool "glitch" effect acting as a preloader for Russian web studio, Web Terror. The "works" link loads up a list of their current projects. A side note upon looking at the background screenshots and also thinking about the previous Russian-language One Pagers we feature - it seems really difficult to make Russian text look spacious and must be such a tough challenge for web designers.
That web site is a studio's landing page with some works. It consists of cool glitch effects on load, animations, fun transitions and this circles are actually moving.