Interlacing. You've shot 60i* (aka "Progressive OFF"), and Color is parked on a single frame of that footage, and is displaying it on a progressive monitor (your computer desktop**). No worries, unless you plan to distribute the video on the Internet, in which case it should be deinterlaced when it's compressed for the Web.
*This also happens when you shoot 24p (not 24pA) and edit the footage in a 29.97 time line. The 24p signal has a pulldown cadence that conforms it to a 29.97 signal by adding frames that are composites of other frames, and are interlaced.
**Your computer's desktop, in both Color and FCP, should never be used to discern video quality or color correction. The computer monitor will nto display the proper color space, and it also lessens the video quality for realtime playback. An external broadcast monitor is the reliable tool.
Does that mean when editing footage you should not use your computer monitor? Should a broadcast monitor be used? Would an LCD TV work? Appreciate any info.
David, thanks for the information. That explains the color discrepancies I've noticed in some projects I've done. Now on to finding out how to have my LCD TV calibrated.