Microsoft today confessed there are graphical issues surrounding the latest version of its Xbox 360 UI, Dashboard, but insisted an update to fix the problem is already in the works.

Hordes of gamers had already highlighted concerns relating to video colour balance that seemed to appear following the Xbox 360 dashboard update, released late in 2011.

Microsoft has been investigating the issue ever-since and today confirmed it was readying a solution.

"We’re aware of the colorspace issue w/ some Xbox video apps & are working on a fix. No ETA yet but we hope to have an update soon." said Larry Hryb on his @MajorNelson Twitter account. ®