Crazy rounded rect UIBezierPath behavior on iOS 7. What is the deal?

Question

The simple UIView below draws a rounded rectangle. When I pass a corner radius of 65 or below it rounds correctly, but 66 and above and it generates a perfect circle! What is going on here? It should only show a circle when the corner radius is equal to 1/2 the frame width, but it seems that it is drawing a circle when the radius is about 1/3rd, no matter what the size of the view is. This behavior appears on iOS 7. On iOS 6 I get expected behavior.

#import "ViewController.h"
@interface MyView : UIView
@end

@implementation MyView
-(void)drawRect:(CGRect)rect {
  UIBezierPath *path = [UIBezierPath bezierPathWithRoundedRect:CGRectMake(0, 0, 200, 200) cornerRadius:65];
  CGContextRef c = UIGraphicsGetCurrentContext();
  CGContextAddPath(c, path.CGPath);
  [[UIColor redColor] set];
  CGContextStrokePath(c);
}
@end

@interface ViewController ()
@end

@implementation ViewController
- (void)viewDidLoad {
  [super viewDidLoad];
  MyView *v = [[MyView alloc] initWithFrame:CGRectMake(0, 0, 200, 200)];
  [self.view addSubview:v];
}
@end