No experience with the H5360BD but do have a PS3 and a 3D H9500BD projector, I am assuming you have gone into the PS3 and enabled 3D and set screen size etc? Sounds like maybe you have if going into 3D but with black and white. Is it only with movies or do games do it as well?
I just did a reset to default settings on the projector. Not sure why but that has solved the black and white image when in 3d DLP mode. It has also improved the image during bluray play back and the quality of the image from the Xbox 360.
I was starting to pull my hair out with that one, but hopefully this will help someone else in the future.
I *think* i had this same problem on the reg 5360. It had to do with changing some color processing settings on the proj.. saturation etc. it's not connected now or i'd check but, like you said.. going to defaults fixes it.