vt7 dev release - Missing quotation marks in Picklist.tpl
Look at the top of layouts/v7/modules/Vtiger/uitypes/Picklist.tpl:
{assign var="FIELD_INFO" value=$FIELD_MODEL->getFieldInfo()}
{assign var=PICKLIST_VALUES value=$FIELD_MODEL->getPicklistValues()}
{assign var="SPECIAL_VALIDATOR" value=$FIELD_MODEL->getValidator()}
{assign var=PICKLIST_COLORS value=$FIELD_MODEL->getPicklistColors()}
Notice the missing Quotation marks around the two PICKLIST_... var assignments.