Updated firmware to 1.2 after saving settings then restoring them after which worked fine. After firmware update icons were reddish orange vs blue, played a video and colors off skin color of people was blue. Rebooted HD720 and fixed problem.
Did I miss release notes for 1.2 beyond website which lists only 1 or 2 obscure fixes? As many issues as we have all reported it seems hard to believe there aren't more fixes in 1.2.