hue[=hue:saturation] Software equalizer with interactive controls just like the hardware equalizer, for cards/drivers
that do not support hue and saturation controls in hardware. <-180-180> initial hue (default: 0.0) <-100-100> initial saturation, where negative values result in a negative chroma (default: 1.0)
confirmed on quantal on 2:1.0~rc4.dfsg1+
e.g. mplayer -vf hue=10:-20 SAM_0674.MP4 gives
The saturation option must be >= -10.000000: -20
and the man page still says:
that do not support hue and saturation controls in hardware.