Movie textures do not render(no matter the render engine used, no matter the materials used), are not visible in Cycles preview, are not visible in the video sequence editor(any textured surface appears greyed in the video sequence editor, no matter the texture type) . I tried many Blender builds, on both Ubuntu 12.04 Linux 64 and Windows 7 Ultimate 64.
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Movie textures are not supported in Cycles, this is a known limitation and on the ToDo list. You can use a Image Sequence though, instead of a movie file.
>> Closing.