Display small color swatches next to the name of each color label in the context menu. It's not easy to remember the difference between Caribbean and Cerulean!
Umm, yes please. I use similar colors to relate clips together (or opposite colors to separate). It takes a few guesses to find which ones match. Very annoying.
And I agree with Anonymous, just get rid of the names altogether. Who cares what silly names they are given. But make this optional, since, in a bigger studio, I can imagine it is helpful when it comes to documenting processes to actually have a name to refer to. But for us smaller one-people-bands, it's just a waste of time.
I have wished for this for so long and thought that, hey, Adobe won't be silly enough not to have introduced this with the next version, yet years have gone by and we still don't have this simple, but highly importunate visual aid.
Or just get rid of the names altogether! I really don't need to know what Adobe wants to call this shade of green. I just need to know what it looks like!!!