SOLVED! See here.
Guys, a weird issue started happening in just the three days. I'm actively taking photos
every day, so I've noticed the abrupt transition when this started occurring. I want to point out that nothing has changed in my software; I haven't updated the camera firmware since September, and Lightroom or Photoshop hasn't updated in a long time. I haven't changed the process, any settings in the camera, no new lenses, etc etc in many months. Please note that I've owned this body since shortly after the K5 came out, so I'm not just "figuring this out".
What I'm seeing happen recently is that when taking a picture, in the camera's LCD preview, it appears undersaturated and very often looks like it's overexposed with a lack of color depth. When initially viewing the thumbnails in Lightroom, it pulls up the JPG from the RAW file and shows as the camera back LCD does, but when Lightroom finishes processing the thumbnails for the RAW file the image appears as I would expect; with rich colors and correct exposure.
At first I thought the aperture blades were sticking, but now that I've seen the RAW files being reprocessed by Lightroom, I believe that somehow the camera's JPG preview rendering function is torqued. Please see the following images which illustrate the issue more clearly.
I'm loathe to do a hard factory reset, as I have a number of USER mode settings and many of the buttons have been modified. I'd like to treat this as a last resort.
Some Information:
RAW Format: DNG
Color Space: AdobeRGB
LCD Color Tuning: 0 / 0
Lenses:
DA 40mm Limited
DA 15mm Limited
DA 70mm Limited
Before Lightroom Processes the Previews: After Lightroom Processes the Previews:
Last edited by Epoch of Entropy; 11-14-2012 at 08:04 PM.
Reason: Problem solved.