I just downloaded Minecraft 1.7.4 after a long break but I'm having a big problem with my graphics. Pretty much all of the textures are missing. I can move around, and I can see the black outline around each block, as well as the sun, but not much else. This also happens without OptiFine or any texture packs installed so I know it isn't that. Here's a screenshot of what's happening:
My specs are:
MSI Radeon R9 270X (14.1 beta)
AMD FX-8320
6GB RAM
Samsung 840 256GB SSD
Added (1). Using 1.7.2 and turning off mipmapping hasn't worked for me