Just a couple of .psd color images which open up fine in Photoshop CS3 beta were importing to LR as B&W images. I had none selected as the develop setting in the LR import box. The only way I could get LR to stop the B&W conversion was to delete the .psd files and reconvert from RAW in ACR.
Has anyonel else had this problem and found a fix other than reprocessing the raw files?
I know that LR is a raw file converter so I could have started over in LR, but these were legacy .psd images. They should come in without this kind of weirdness.