Pebble Technology, the company behind the successful Pebble smartwatch, is now developing a new version called Pebble Time - that sports a color e-paper display. The company launched a kickstarter campaign with an aim to raise $500,000. It took them one hour to raise $1 million, and a few days later they already passed $8 million in funding.
The Pebble time uses a "color e-paper display" The original pebble used a 1.26" (144x168) monochrome memory LCD (transflective LCD made by Sharp). It's not clear what kind of displays will be used in the new Pebble, but as far as I know sharp do not produce a color memory LCD.