my ipad screen is black & white only, lost colors

I was trying to download a TV show that I purchased directly to the iPad 2 without using my computer. The download for the TV series was almost finished when the screen seems to hang, nothing was progressing and buttons or tapping did nothing. Things started working again and as I was playing with some Apps, I decided to delete one but when I hit the icon to make it wiggle, everything on the screen wiggled and wouldn't stop wiggling or let me delete that App. Again the screen was frozen or hung. A few minutes passed and all of a sudden the App prompted me to confirm if I wanted to delete it. Only when that pop-up prompted me I noticed all the color was gone on the screen and everything was black & white with some hints of orange here and there. Icons that used to be Red were now a see-thru blue. Its as if I lost the Red Hue. The iPad was 3 months old last week. Any suggestions? I rebooted it, nothing changed, I download 5.1, nothing changed, tried reset with home button and power button at the same time but nothing changed so I still have this black & white screen.