Does watching videos on the
Xbox 360 seem off to you? I mean do the colors seem off? Well, you're not alone and Microsoft is looking into it.
Major Nelson has tweeted that they are aware of the issue and are looking into it, but no ETA on when this update would come out.
About the only thing I use the 360 for is to watch things on my Media Center upstairs, but I haven't noticed anything different. I don't use any of the other video apps on the console, but it's good that Microsoft is looking at correcting this problem.
There are other issues floating around involving HDMI, so hopefully they'll get to that as well in the future.