Yep, I've got one of those, now retired. First it's on, flickering off. Then after a while it's off, flickering on. Cosmetic only. Of course, it's nice to be able to glance at the amp and tell that it's on or off, and once this starts you can't trust that. But if you leave the amp on all the time you won't care (unless the flickering itself causes you a headache).
I sent email to somebody at whoever ended up buying Acurus (I forget now), and they were willing to sell me another switch at some outrageous cost. I decided the flickering didn't bother me quite that much.
Roy