[TazeTSchnitzel]

It is indeed!

     Color
          causes the affected text to be displayed in a specified
          color. The "color" command requires a parameter that is
          specified by using the "param" command. The parameter
          data can be one of the following:

               red
               blue
               green
               yellow
               cyan
               magenta
               black
               white

          or an RGB color value in the form:

               ####,####,####

          where '#' is a hexadecimal digit '0' through '9', 'A'
          through 'F', or 'a' through 'f'. The three 4-digit
          hexadecimal values are the RGB values for red, green, and
          blue respectively, where each component is expressed as
          an unsigned value between 0 (0000) and 65535 (FFFF). The
          default color for the message is unspecified, though
          black is a common choice in many environments. When
          nested, the inner "color" command takes precedence.

(https://tools.ietf.org/html/rfc1896#page-5)

Odd that it's 96bpp colour, of all things.