There is an inofficial patch that adds some of the effects of 3dfx to D3D. Should be in the file section or on my homepage:
http://www2.karl.frank.name/mods
And of course there is the OpenGL driver (that Popsicle posted) that delivers a whole new graphic experience.
Ooh, i remember this from 1997, on a rage128pro card, in the documentation it specifically mentioned prophecy and a solution for it(the appearance being artifacts in the distance and a crosshair within the flairs. Did not notice it using the current OpenGL driver.The D3D lens flares do have texel alignment issues if I recall correctly (or is this a different patch).