Well, I’m two years late coming to this discussion, but I’m dealing with the same issue and I hope somebody can help me!
I’m using the same Sony VP-7040 u-matic deck as Amy, and I’ve been unable to capture in color in neither Final Cut Express nor iMovie.
However, unlike Amy, I have also been unable to get color playback on a TV. (Amy was using a monitor; I’m using a standard TV set.)
I did some research and I found that the VP-7040 requires a monitor or a TV with a “Q” suffix to achieve color playback, so I guess it makes sense that Amy was able to get color on the monitor.
My question (perhaps a naive one): What exactly is a “Q” suffix and is there any kind of adapter or TV tuner card I can use to get the “Q”? (I’m running the video from the VP-7040 to a MacBook Pro through a Canopus ADVC-55.)
I’d appreciate any help with this!