I noticed that too. I don't think there's a way to change it back (as we didn't change it in the first place). But if it really annoys you, there is an option to toggle it off.
http://www.chess.com/home/echess_settings Following the link, scroll down to "Move Preferences", and uncheck the box "Highlight the square of the last move made".
I've noticed that the format that tracks the recent moves has changed to an ugly square outline. it is very distracting when i play. is there a way to toggle this option off? thanks