@ tinybit
I tried grub4dos (14 February 2009):
CODE
color cyan/black black/light-gray green/black
It shows the colors for the help text fine, but when there is no help text, the following text is still shown in light-grey:
QUOTE
Use the UP and DOWN keys to highlight an entry. Press ENTER or 'b' to boot.
Press 'e' to edit the commands before booting, or 'c' for a command-line.
When you try, the following, it looks weird (help text part) (yes, very ugly colors, I know. It is just an example

)
CODE
color green/light-gray blue/black red/yellow
Is it also possible to shift the help text and the "Use the UP and DOWN keys ..." one space to the right (so one space from the left border).
In the first picture you can see how I want it (added a space at the beginning of each line of the help text myself).
The "The highlighted entry will be booted automatically in X seconds." may mess the colors up too, when you have fixed the background color of the help text to cover the whole part below the menu. So don't forget it (unless it is a feature of course).