Steve at HiTechnic was kind enough to send me the beta block for the new Color Sensor. I was able to import it with no problems and tested the data wires and they worked, too. I've labeled the data plugs in the image - as you can see, you can set a range using the A and B import data plugs and the block will also provide output of a color with Red, Blue, and Green values, each individually available as an output data plug.
The Compare drop-down menu offers "Inside Range" and "Outside Range" options and you can either set values for A and B manually or by dragging the small bars, with A having minimum low value of 0 and B having a maximum upper value of 17.
Okay, readers - what kinds of uses can you think of for the Color Sensor?