[extshellfolderviews]
[{BE098140-A513-11D0-A3A4-00C04FD706EC}]
ICONAREA_IMAGE=\pics\capoera_sunset.jpg
ICONAREA_TEXT=0x0000FF

ICONAREA_IMAGE is full path of file location where you keep your image. Image type can be jpg or gif (these two files had been tried, for others feel free to try them by yourself).

ICONAREA_TEXT is hexadecimal code for text color. Standard code used is RGB (Red Green Blue). The structure is 0xBBGGRR. Each two characters filled by two digits hexadecimal (00 – FF). For example, 0×0000FF is red, 0×00FF00 is green, 0xFF0000 is blue. For further information you can ask uncle Google.

Click here to see RGB color table or find them in Google.

The important thing is ICONAREA_TEXT use BGR format. So, reverse the RGB code you get from RGB color table before you place it to ICONAREA_TEXT. For example, if the RGB color you get is Light Slate Blue (8470FF), then ICONAREA_TEXT value is 0xFF7084.

PS:
Tested on M$ Windows XP SP2 only.