You have to distinguish the fake color e-ink that are used in mass consumer products which are actually black&white e-ink plus an LCD layer and are expensive, and the real color e-ink where each micro capsule embeds 3 to 5 different inks of different colors.
The latest are pretty complex devices, very slow to refresh (hence why they are not used in your e-reader) and also very expensive. But the rendering is way much nicer because it’s real ink that is used to render the colors.
The latest are pretty complex devices, very slow to refresh (hence why they are not used in your e-reader) and also very expensive. But the rendering is way much nicer because it’s real ink that is used to render the colors.