No, you cannot turn this off. The color corrections resolved color shifting which was a major issue.
This should not slow down processing, the only difference is that CPU usage will be elevated.
That helps, I appreciate it. Thank you. One more question, is it possible to use Dione TV model without the 2x FPS? I love the results when used on low res videos like dvd quality but wanted the original fps to remain?
If you look at the last section of the dxdiag you uploaded under diagnostics you can see multiple errors.
This is not normal for a healthy system and is an indication of an underlying problem with your machine.
It could be anything from a bios setting, driver or other software on your system.