(Srsly, what was with that sniffling??)
No, fans of the source material had a different color problem entirely. In the Giver universe, people can't see color at all; that's part of what makes Jonas' transition as the Receiver so meaningful.
So the movie not being in black and white made absolutely no sense! So, as devotees are wont to do, some very talented fans have given the trailer a half color, half B&W makeover!
Ch-ch-check out the video (above) to see the fan-corrected trailer! Does this seem more like the book to U?