Frankly, I think the Spectrum looks pretty nifty. When they come out, I may find myself buying one. That extended magazine looks like it would do a decent job of addressing the main issue I have with most pocket pistols - they are too dang small for my big hands. As for the colors, it isn't just women and kids that find them attractive. I think the black and purple combo is pretty sharp, and the white frame with black inserts and black slide appeals to the Sci-Fi geek in me. It makes me think of a storm trooper.
As for added danger because of the colors, I just don't see it. Kids who haven't received the correct training (and some who have) are going to pick up guns if they find them. They will likely play with them, and that is how tragedies happen. It is up to the owner of the gun, regardless of what color it is, to keep it out of the kid's hands. This is not an issue of design. It is an issue of responsibility, plain and simple.
The issue of police having a harder time determining whether a gun is real or a toy is a bit stickier, in my opinion. That is a split second decision that can have devestating consequences, both for the kid, the kid's family, and the officer. In today's society, much more so than when I was a kid, it is important to make sure the toys don't look real, and vice versa. Having said that, though, I really don't think the Spectrum crosses that line. Even with the more outlandish color combos, it still looks like a real gun. Also, when it is in the hands, the majority of the accent color is going to be covered, leaving only the slide fully visible, and the slide looks no more toylike to me than any other pocket pistol.