My guess is that this is a bad move. The Blue Screen of Death isn't nearly as alarming; that blue tone is almost peaceful. Red--well, do we really want people seeing red everytime their Windows crashes? The only people who'll be happy about this decision are the monitor manufacturers who'll get to replace those broken by aggravated Longhorners.
Here's a new idea that I can't find anyone mentioning. How about No Screen of Death? How about something that works for a change? If cars broke down as often as Windows did, there'd be outrage. Why are we content with higher failure rates for some technologies than we are for others?