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Hi Lil' Domii,
I don't use PS CS4 but found this info on a CS4 learning site. I am not sure if it addresses your problem, but it can't harm to have a look.
Apparently there are four Working Space types in Photoshop: RGB, CMYK, Gray and Spot (occasionally called Modes because they appear under the Image>Mode menu).
You need to be in RGB mode for the relevant slider to work. Have a look here: Photoshop CS4 - Colour Management
Hope this can point you in the right direction.
Awesome!
Just had a fiddle around the settings and i don't know how but the colours are back.
What confused me is how it happened in the first place
I would give you rep but i have to give it to someone else first!