Yes, this screen cap is from Chris Zheng's build:
http://i.imgur.com/vpQJ4qj.png
It's with my config loaded, but I see the same bold italics in emacs -Q too.

On Tue, Apr 26, 2016 at 12:44 PM Eli Zaretskii <eliz@gnu.org> wrote:

> > Date: Tue, 26 Apr 2016 19:31:14 +0300
> > From: Eli Zaretskii <eliz@gnu.org>
> > Cc: emacs-devel@gnu.org
> >
> > What font do you see in *scratch*, after dismissing the splash screen?
> > Is it also bold-italic, or is it the normal default?
>
> Also, what do you see in the display produced by
> "M-x list-faces-display RET", under "variable-pitch"?
>
> Is it the same bold-italic font that you see on the
> splash screen?
>
> --

-- 
Kaushal Modi