"Hung" Select bug in 7.0.X

Early last week we started experiencing the following problem under 7.0.16 and 7.0.15

After a short period of usage, selects against a group of user views seem to hang. In reality their process is CPU bound and recursive calls for the session goes though the roof. A trace of that session shows that they are in an endless loop executing the following statement:

'select text from view$ where obj# = :1'

Killing the process and an instance restart seem to help as does dropping and recreating the views, but 15 minutes to 1 hour later the system is hosed again.

Oracle reported a bug in 7.0.13 that matches this description (BUG 175425) but hasn't offered a solution. It is currently at priority 1 and they are working on it.

We are copying the application to 7.1.3 in hopes that the bug doesn't exist in that version but that process is not complete.

Has anyone seen something that looks like this? If so how did you get around it? Comments?

-- 
Regards, 

Lee E. Parsons                  		
Systems Oracle DBA	 			lparsons_at_world.std.com