Colorize text matching a regex through a pipe?

[Rajiv Aaron Manglani]

> On Tue, Jan 18, 2011 at 10:24:03PM -0500, David Kramer wrote:
>> Thanks.  I played with this, and with colortail.  I didn't really like
>> either solution in the end.  [e]grep only allows one color and one
>> pattern, and colortail doesn't actually work as a filter (the author
>> "has a patch for that").

have you looked at multitail http://www.vanheusden.com/multitail/ ?