This may be new in 10.3.6, not sure.
I did this with a jpg. I renamed it, then clicked the location it was going to sort to after the renaming... it then showed the preview as before, but also overlaid another copy of the image over to the left.
This may only work with images that are taller than they are wide. Wider images just seem to flicker a bit
PDFs just seem to flicker, even if they are taller than they are wide. Not sure though, I can't seem to find many images around to test.
Can anyone tell me if this happens to them too, or if it has been around before 10.3.6?