This is 2nd hand knowledge. Just from reading these forums, lowyat apparently is selling for RM1499 but the price can come down to RM1399 and is an avaxx set and there is a store in SS2 called atlantis selling an ori set for RM13xx.

As for the colours. It's a personal thing, I liked the blue one and I thought the red looked dull.

Package should include:

Phone
Carry case
8GB micro-SD (Probably with adapter, don't let them tell you they are giving it to you free... it comes pre bundled with the phone and you're paying for it in the price tag.)
Charger
USB cable
Plectrum Stylus with wrist strap and 2 Pen Stylus
Nokia Pc Software.
Handsfree/Earphone for music.
Warranty... and various other documents.
EDIT: Updated info.