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I thought we already had RGB LEDs; I remember Nichia's breakthroughs on blue LEDs in the 1990s, and blue LEDs were starting to appear in the distributor catalogs in the late 1990s, although they were expensive at the time. (I have a Digikey catalog from 1997 with two or three blue LED parts for $5 or $6 apiece, among hundreds of red/orange/yellow/green LEDs for $0.10 or $0.20; and a Mouser catalog from 2000 with a couple of LED parts in the $2 range)
Aside from the elements it is made out of, InGaN means.... ?