Sorry to hear your having troubles. I deal with this type of problem every time I get a new device. Not just from apple but from canon, samsung, etc. the yellow screen thing is something I have seen on every model of iPhone and iPad.
I currently have to iPad 2's they each have different issues. One has a slightly yellow screen, a dead pixel and very very little backlight bleed through.
The other has a less yellow screen, closer to my calibrated MacBook Pro but slightly more yellow. And more noticeable but not considerable backlight bleed. I like this one better.
My iPhone 4 has a bluer than my MacBook Pro display which looks cool when compared to every other device that I own.
My wifes iPhone is closer in color to the cooler of the 2 iPads (slightly more yellow than my iPhone).
I like the look of her iPhone better.
I also have a Dell monitor. Which looks like crap, backlight bleed and crummy color, can't seem to get the calibration right, it always looks yellow. And I have a samsung HDTV with bleed, not bad, worse than the iPads, but livable.
My point is this. If you are unhappy, bring it back, bring it back over and over until you get one you like.
These devices are built to allow for a certain level of tolerance. They are all different and as long as they fall within their spec, as far as Apple is concerned there's nothing wrong with any of these devices. Until Apple allows you to manually color calibrate your display a slight variation in color is part of there design. LCD tech is crazy, dead pixels are present in a huge percent of the panels, they try to cut around them but to a point. Back light beed though is mainly the result of pressure on the LCD, the iPad 2, by design is frigging thin so pressure is more likely.
But, in the end of they day, you paid for it, it's not cheap. Go back and get another if you don't like the one you have. You might still get one with variations that don't suit your taste, or don't match your other devices.
Just remember at some point your going to have to compromise, I don't think the "perfect" exists.
Hope this was helpful.
Message was edited by: s8m2s