Hi Alex: I'm sorry I didn't have a second camera to record what was going on. I uninstalled ML, reformatted my card and re-installed ML. Now it's working fine.
Previously, the "Red" recording dot would appear for about 4 secs. after I started filming. It would then go away, even though the camera kept on filming.
If it happens again, I'll try to capture the bug (if there was one).
Thanks for all you do.