I use the Terminal application on my Mac all day long. I have numerous different systems that I connect to for different tasks. Generally, I have one terminal open and I can just ssh to various systems from that window. Lately however, I have been customizing things a bit. One thing I have liked is creating a default look (profile) for various systems so I know specifically what box I am on. Some systems have nearly identical test / dev systems and the last thing I want to do is enter a command on a production system when it was meant for test. Once inside the terminal application I can simply do a Shift-Command-N to bring up the command window and type in the profile for that system. Since I can enter the initial command for each profile, this makes connecting to various systems with a specialized look very simple and easy. So I can have my test system with green text and my production systems all glowing red.
*update* It appears that you only get the custom colors and not the actual command. I have posted in the Support Community
. I'll update here if I get any response.