Well, in essence yes. The thumbnail in the Event browser is correct, but playing through it in the Event viewer or Viewer/Timeline it is not correct. Going into the color correction tab, clicking on Saturation, and boosting it to 100% brings things back to normal. No telling what happens if I actually wanted to over-saturate something, but luckily I don’t have to worry about that now. The exposure setting is fine. The media retains all of it’s lighting and shading data from After Effects, but for some reason, just isn’t displaying properly. Haven’t had that trouble with any video clips, so maybe it’s something about the way they are interpolating a blank Alpha channel. I sent a message to Apple, so maybe they can look at it and scratch their heads too.