Hi everyone, here is one more update coming into your GMail box. It has now colored labels scheme, through which you can easily put a different color to your labels. Gmail introduced the labels concept in email management replacing folders concept. It is quit popular and very much interesting and useful then putting emails into folders. Labels + colors will make email listing useful and easy to identify.
Here is a word from Dave Cohen,
Software Engineer for GMail. (from Gmail Official Blog)

Find out more updates from Gmail here