From my understanding, the technology is still limited to extremely low-saturation colors with extremely low contrast as well, see [1] for example photos and how the tech works.
It's certainly not ready for advertising -- instead of a vibrant color image, it looks like something printed on newspaper and left to fade in the sun for 5 years.
And color e-readers have significantly worse contrast than black & white ones, which already aren't great.
So if you truly need usable color, it seems like you're still always going to choose a traditional LCD/OLED display. Based on the fundamental limitations of the color filters used with eInk, I don't really see a future for it. At least not unless a new technology emerges that doesn't rely on using color filters on top of traditional black-and-white eInk?
[1] https://goodereader.com/blog/electronic-readers/color-e-pape...