Hi!

I upgraded to the latest ubuntu offering (from 'q' for quantal to 'r' for raring) and all of my custom terminal colour settings were lost.  I ended up with the default white on black.  I set various colours, but these settings were not performed, and the colours remained stubbornly on white on black.

After choosing a preset value "Load Presets..." it became possible to adjust the colours again.

I suspect this bug is something like there being no valid place to store old colour settings now that the preset feature is in place.  (ps. I really like these preset thingies ... it's like Windows 3.01A all over again, spending more time deciding which colour scheme I like than doing actual work ...)