That's a bit too much red for me and red is one of my favorite colors. As long as it's not like the current nano "red" and closer to the pre-WWDC red i think i would go for it.
Ewwww- That's the best editing job I've seen on this thread yet and it looks like a freakin' ornament.
I'll keep my black. Thank you.
MAYBE- If Apple really wants to do other shades/colors
I wouldn't mind grey, or light pink wouldn't look bad (but i wouldn't want it. Something for the girls.)
Everything else would look a little tacky, I'm afraid.