At least, that is what we have garnered according to the latest Windows 8 builds. It is interesting to note that Microsoft is willing to throw away so much tradition, considering that the Blue Screen of Death has been in action since the early copies of Windows 1.0 were in existence. In fact, the first Windows error screen ever seen was composed of code page 437 symbols against a blue background, while history suggests that the first proper Blue Screen was present in Windows 3.x. Microsoft did make a shift to the Red Screen of death inside early Windows Vista builds, while Red Screens were also in action inside early beta copies of Windows 98.
We do wonder whether the Black Screen of Death will be a temporary or permanent solution as seen in the switch in Longhorn build 5112. Whatever color they decide to come up with, as long as we see as little of it as possible, that would be better.