Yes, the yellow is from tannins. Persoinally, I don't mind it since I want S.A. fish and their water is kinda like that it the wild. It is not harmful.
However!, Did you boil the driftwood for about an hour? It is very important to boil it remove any possible fungus or nasties stuff in the wood. If you havn't, I suggest taking it out and doing so, BTW do you have a
canister filter or a filter with room for a little bage of media. If so I highly recommend that you add a bag of Seachem Purigen! It is GREAT. It is like a sunstitute for carbon. It remove dyes, tannins, chemicals and it help regulate nitrites, nitrates, and
ammonia. It last for quite a while (at least a month) and when it starts to exhaughts it turns a dark brown.
When it turns brown, it is completely exhausted. However, this stuff is able to be regenerated! just let it soack in bleach for a day, then soack it for 8 hours in highly concentrated dechlorizer solution. It should be white again and work like new. It's only 10 dollars and will last you a year (if you regenerate it when needed it). Heres a link:
http://www.seachem.com/Products/prod...s/Purigen.html