Yep, it's real! In case orange or the original gray scheme weren't to your liking, the LG enV on Verizon can now be had in a "hot new green color" (their words, not ours) -- but only at your friendly local Circuit City location. It seems this particular version has been designated as a Circuit City exclusive for the time being, fetching $149.99 after a $50 rebate on contract. The spec sheet remains the same, so unless something about this color really speaks to you, we wouldn't worry about it.
Update: Verizon's now revised the price down to $79.99 after rebate. Sounds a lot better than the original price, yeah?