I believe that the intended behaviour is to display the text as black. The fix would be to add in DialogMain.cpp line 661, this bit of code:
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m_grid->SetCellTextColour(newRowIndex, COLUMN_NAME, *wxBLACK);
Apologies for not submitting a proper patch, but this is an extremely trivial fix, and I hope you'll forgive me this one time.
(Side note: the registration form for this problem does the same thing when asking what time zone you are in)
EDIT: This fix is for vanilla 1.7.1