Thanks Moth
Sorry I didnt answer the colorspace question, I was just occupied with showing the menus screens I must have overlooked it. Moth is right, that was the problem.
As for the intro with the red/violet skies, I dont plan on altering it. The reason for this is because I dont know for sure if its supposed to be like that or not. I dont have the LD to compare but the on VHS the color scheme seems to be very similar to what is on the HD broadcast, so Im guessing it was intended to be this way as it does represent the transition from night to dawn accurately and I would assume it was how it was filmed.
Obviously we would only know this for sure if an official DVD would be released