BKE_scene_base_iter_next() was completely messing poor dupli objects' matrices...
Note this func should be reworked, but as stated in comments, it should not exist at all,
DAG should be used here, so until we have new shinny one we can live with this.
Also, mballs do not behave correctly when used as duplis (org object remains visible/rendered,
unlike any other object type). This will be fixed in a separate patch/commit,
since it proved to be rather tricky to handle.
e0d8e62f2b