Operating system and graphics card
Broken: (example: 2.69.7 4b206af, see splash screen)
Short description of error
Exact steps for others to reproduce the error
Based on a (as simple as possible) attached .blend file with minimum amount of steps
Color menu, where you can choose the colorspace for the background footage in 3D Viewport T-menu, doesn't work.
Colorspace doesn't change.