Does the Replay do 256 colors? Can it do 16bit & 24bit color?

The replay will support as standard up to 256 colors. Eg: If using an Amiga or AtariST it can use upto 256 colors or 8bit desktops. eg: On an Amiga, it will do ham and halfbrite modes also for example. To achieve 65000 or 16mil colors etc, you will need to on an Amiga for example, install the Picasso96 installation which will and can enable the Desktop or Amiga Workbench to be shown in 256, 65000 or 16mil color desktops in sizes for example 800×600 and over. Note: AtariSt/MacOs desktop and driver display information and setups will come at a later date.