Color Decoder for Mac OS X

I've been waiting for something like this for a long time.  Color Decoder by Stray Cat Technology, identifies colors on one's computer screen.

By watching the color underneath the mouse pointer, Color Decoder can display a color's name near the mouse pointer, optionally speaks its name using speech synthesis, flash areas where the same color appears on the screen, and optionally magnifies the pixels around the pointer

Right now Color Decoder runs exclusively on Mac OS 10.5 Leopard. Hat tip to Hicksdesign for posting about this.

Link: What colour is that? (hicksdesign).