I worked at Best Buy in those days. EVERYTHING was translucent.
But there were some problems. The accessory companies didn't match that Mac Bondi Blue very well. And they didn't match Blueberry, Lime, or Tangerine well either. So you'd have some weird color blue on your mouse, or gamepad, or external hard drive that didn't match up with your iMac.
I seem to remember some of the "official" accessories being able to use the right colors, but back then it was such a free for all.