Explanation: Water vapour will only condense onto another surface when that surface is cooler than the temperature of the water vapor, or when the water vapor equilibrium in air, i. e. saturation humidity, has been exceeded. Understand that I am not trying to disagree with anyone or say use/don't use a particular product, only that condensation in your engine/transmisstion is normal, and is dependent upon how much water vapor is in the atmosphere at any particular point in time, and how much of that makes it way into your crankcase, to condense later as a liquid (water), after the engine/tranny has cooled. Heated back up, the water will vaporize again, and exit your engine/tranny. So, if it has been extremely rainy/humid, etc in your area of the country lately, you would notice more water content in your fluids, depending on when you drain them. Was this fluid drained cold? If so, the water vapor never had time to escape, thus the color. I would bet that any oil, no matter the weight or thinness/thickness would contain the same amount of water, under the same circumstances, regardless of whether or not you can see it.
That's just my opinion, based on 20 years in the HVAC (large commercial applications) business, which is totally based on evaporation and condensing of various liquids, and heat transfer from one place to another.
I think you just drained the tranny at a time when it contained more water than normal, unless you've got a hole in it somewhere and its raining

I think it's been kinda damp up in that part of the country this spring, hasn't it? If you've got 25K on your scoot, and have never noticed this before, I would attribute it to outside conditions and not any fault with the oil. [smiley=xyxthumbs.gif]