Nope, it is not a typo. EVGA has introduced the Superclock CPU Cooler that comes with a red LED fan. Read on.

The EVGA Superclock CPU cooler does appeal to hardware enthusiasts with the typical red/black theme that has been implemented on this product. The company has also taken the initiative to sleeve the wires. Addtionally the EVGA Superclock CPU cooler is compatible with a range of sockets:-

Intel CPU Compatibility: Socket 775, 1155, 1156, 1366
AMD CPU Compatibility: Socket 754, 939, 940, F, AM2, AM3
Fan Size: 120 x 120 x 25mm 
Fan Speed 750 – 2500 RPM
Fan Airflow: 26 – 84 CFM
Heat Pipes: 5 x 8mm Direct Touch
Fins: Aluminum
Priced at an attractive U$50 (S$62), the EVGA Superclock CPU cooler would be competitive amongst other coolers. A performance review for this cooler will decide the outcome.
See the full specifications at the EVGA website, check out the features from the EVGA article.