Seems beliveable to me, initially developed for forensic use etc, but possibly usful for moving servers around, etc
Pretty easy if the computer is plugged into a multi-gang lead, can be backfeed via another socket on it, but if directly on the mains, you can either pull the plug halfway out and croc clip on (which doesn't work in the UK with shrouded pins), split the sheath and use insulation piercing clips, or if plugged into a double outlet, unscrew that, and take that as well
(which also wouldn't work in the UK, though they don't actually say it, because you can't get at the screws with plugs inserted)
As to the colours, both red and black are 'hot' and in a domestic installation will be 110v above ground/neutral (its split phase), neutral is white, I assume the clips are more commonly used on DC applications and thus coloured black/red, they used black for 'hot' becuase 110v circuits are black and white (red only comes into play when both phases are taken to a stove, airconditioner or clothes drier etc)
(you might also want to worry about polish sparks, eastern europe colours had red as cpc... black was phase and neutral was grey!)
Yes, if it were me, I'd be using a VDE insulated screwdriver, we do run at twice the voltage though, 110v isn't quite as nasty as 240v, even though its still quite nasty!
(going by the look of stateside outside xmas lights, they have a slightly different take on electricial safety on a few things than use brits!)