hi, I run instant replay for surf contests. During surf heats the surfers are distinguished by there vest color - usually 4 different colors like red/white/green/blue etc
During a heat there are often 30-50 replay events. These need to be pulled up for the director/surf judges without any delay. The judge would often ask for "show me wave X of RED"
Even though I have developed a naming and labeling system for these events - it would be VERY helpful to be able to color code the text of the event so it can be found instantly.

I can also imagine that other users (non-surf events) will also enjoy this feature as you can use color labels to tag different events or develop your own labeling format or system depending on your own preferences and requirements.
Let me know if you need more information.
cheers