This may be a version-specific issue (base version only).
(edit: The replies below indicate it's NOT a version-specific issue. And it's not just MIDI tracks that have this issue.)
1. Create a new project using the Normal Project template.
2. Go to Edit > Preferences > Customization > Colors, then choose "All Colors" from the Color Category drop-down menu, followed by clicking "Defaults: All Colors" and "Apply" to initialize the color settings.
3. Save the project and restart Sonar to make sure the change is fully applied.
4. Go to Edit > Preferences > Customization > Colors again and then choose "Console View" from the Color Category pull-down.
5. Change the color of "Console MIDI Track Name Text" from the default light blue to something else (let's use yellow), then click Apply.
6. Exit Preferences.
[Expected Results]
The MIDI track's name and number in the Console view and the Inspector both change color.
[Actual Results]
Only the color of the track number is updated (see screenshot below). And it stays like this even after restarting Sonar.
Reported on Jan 31, 2014
Confirmed and submitted to development on Feb 4, 2014