That picture is a total fake, reasons:
1] The rim around the pearl is also colored - it cannot be - it is a metallic part and RIM never colors the metallic parts as they will wear away sooner.

2] What even be the color - the phone answer call and disconnect will be green and red respectively but here it proves people have morphed the white pearl image with an pink overlay.

Mind you all, I never complained the news is fake - because it has originally reported by Boy Genius - it should be true, but the pic is fake. Blackberry never gives their fans a poor quality/look device. We will have to wait for a true picture to see the Red pearl.