well, it could be a ppc problem as i am not sure they are supported or the os 10.4..., but if i am not mistaken, you are reading a .mov file, be careful with those as nuke don't like them, it is very new that it accept mov.
have you the same problem with a jpg or just a color constant or checker created in nuke ?
if you are sure to see the good channel bcause you could be watching the 3D space or the aplha, deph...
you can also try the nuke 6 PLE see if the problem is still there
that's all i can think now