[Unity 3] emissive materal and point light

Hi all,

I'm finding that in my main scene that if I turn on lights, my emissive materials no longer emit light. So I set up this test scene.

However, while we can see that the light and emissive materals are working at the same time, there's some kind of noisy mess around the emissive objects. Anyone know what's going on here?

 

So no body else is seeing this?