I found this color footage of WWII dogfights over at The Aviationist.
Very intense stuff.

Follow the link below over to Live Leak's website:

http://www.liveleak.com/view?i=df7_1393148170


By David Cenciotti

This is what aerial combat during World War II over Europe looked like
A video producer by the name of Loudon Maverick has compiled a color video including fighter gun camera footage, dogfights, flak fire, kamikaze attacks, aerial combat between fighters and bombers, carpet bombing and huge explosions from above taken during WWII.
Regardless of the side, it took so much courage to fly and fight against the enemy in the skies over Europe, the Mediterranean Sea, North Africa or the Pacific, where some of the dramatic scenes you can see below were filmed.

Another from the youtubes: