@jackie_w: Huh. That'd be a bug (somewhere

). Overlay really completely ignores (user) fg/bg colors.
I'll have to double-check, but I think it's because you have both bgless & overlay enabled. Overlay is a superset of the other, so it ought to "win". This is explained in FBInk, but I forgot to mention that here

.
EDIT: Yeah, overlay wins in the fixed-cell codepath, but bgless wins in the OT one. -_-".
EDIT²: Okay, tweaked the comment & fixed the OT codepath in FBInk

.
I'm in the middle of some FBInk cleanups, but I'll post an updated package later today. Hopefully after I've had a chance to look at your weird cold boot issue

.
EDIT³: Given your comments, you probably just want backgroundless anyway

. But, that was indeed a bug ^^.