We present the first results from a 124 night J, H, K near-infrared monitoring campaign of the dark cloud L 1003 in Cygnus OB7, an active star-forming region. Using 3 seasons of UKIRT observations spanning 1.5 years, we obtained high-quality photometry on 9,200 stars down to J=17 mag, with photometric uncertainty better than 0.04 mag. On the basis of near-infrared excesses from disks, we identify 30 pre-main sequence stars, including 24 which are newly discovered. We analyze those stars and find the NIR excesses are significantly variable. All 9,200 stars were monitored for photometric variability; among the field star population, about 160 exhibited near-infrared variability (1.7% of the sample). Of the 30 YSOs (young stellar objects), 28 of them (93%) are variable at a significant level. 25 of the 30 YSOs have near-infrared excess consistent with simple disk-plus-star classical T Tauri models. Nine of these (36%) drift in color space over the course of these observations and/or since 2MASS observations such that they cross the boundary defining the NIR excess criteria; effectively, they have a transient near-infrared excess. About half of the YSOs have color-space variations parallel to either the classical T Tauri star locus or a hybrid track which includes the dust reddening trajectory. This indicates that the NIR variability in YSOs that possess accretion disks arises from a combination of variable extinction and changes in the inner accretion disk: either in accretion rate, central hole size and/or the inclination of the inner disk. While some variability may be due to stellar rotation, the level of variability on the individual stars can exceed a magnitude. This is a strong empirical suggestion that protoplanetary disks are quite dynamic and exhibit more complex activity on short timescales than is attributable to rotation alone or captured in static disk models.
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