Colored Minecraft Names

I heard that Minecraft 1.5 would have support for setting the name above the head of a Player. Looking at the newest commit I see:

Code:

+    /**
+    * Sets a custom name on a mob. This name will be used in death messages
+    * and can be sent to the client as a nameplate over the mob.
+    * <p>
+    * Setting the name to null or an empty string will clear it.
+    * <p>
+    * This value has no effect on players, they will always use their real
+    * name.
+    * @param name name to set
+    */
+    public void setCustomName(String name);

So I'm guessing that the dev I heard this from was wrong? Just looking for some clarification from someone who knows for certain.

 

Well, you could already do this by manipulating the packets sent to the client, but I don't think there was a API method to change it.
However, the plugin TagAPI allows you to change someone's name tag and it also offers some API methods for other plugins.
I have no idea though if it's now possible to do this within the Bukkit API itself.