Color settings?

Is it possible to somehow get to the color settings the chipset obviously supports? If not, could someone please get into this? I really like the device, but the signal being send to my monitor by default is poor (in color dynamics, hue, saturation) at best.

I’m in the same case. I already have the older WD Player and the image of the older one was better than the new one called Live. The HDMI cable is the same and the LCD TV (Samsung) still the same, but the image is very poor.  I don’t know why?!?