Hi
mdb_talon,
Yes, that's exactly what you should see.

The initial yellowish green color (sort of a yellowy Mountain Dew color) is from the B vitamins in the mix, otherwise the starting color would likely just be clear. Those vitamins appear to get used up or altered in some way pretty quickly, and as you noted, the color gradually changes to a reddish orange hue. That's from the bacteria themselves, which produce copious amounts of carotenoids under illuminated anaerobic conditions such as this. So, looking good!
It's not necessary to keep the cube under light post-incubation, but I'd suggest leaving it there so long as it isn't a great inconvenience. The light will provide the living cultures with a constant input of metabolic energy which may help to extend their shelf life and maintain the highest possible cell densities. It may also keep them rich in those nutritious, color-enhancing carotenoids. On the other hand, no need to refrigerate. In fact, it's preferable that you continue to maintain them at room temp. I'd just add that during the growth phase, it's best to elevate the temp to around 82F-85F (upper 70s at a min) for
R. palustris for fastest growth and best results; after that, room temp is fine.