Chrome bug? Cursor changes on mouse down + move

Question

In Chrome (I am using version 16.0.912.75 m on Win 7) I find that no matter what I have a cursor set as, as soon as I hold my left mouse button down and move the cursor then the cursor type is changed to text (even when there is no text anywhere on the page).

Is this a bug? Does anyone know how to get around it as it is making my drag and drop tool look a bit silly!

JSFiddle: http://jsfiddle.net/KJfbs/

Edit

As answered by @davgothic below, adding -webkit-user-select: none; will fix the issue when there is no text. However, should we position the element absolutely and place text behind it then the problem persists.

JSFiddle: http://jsfiddle.net/KJfbs/2/