So I guess bike-shedding has now become mainstream, seeing that the CEO of the second-largest company on the planet has mentioned the color of one of his company's products as a thing to be amazed about.
I urge you to reconsider.
In the anecdote, the “board” spent its time debating what color to paint it because that was something they understood, as opposed to safety coolant system engineering, for instance.
Given the original anecdote, perhaps it’s less that the thing is not relevant, more that (a) it’s not the critical thing to worry about, and (b) it’s getting discussed because that’s all the decision makers are familiar enough with to debate.