For IColorProvider on the SDK/Config tree LabelProvider, only check for existence of EPOCROOT in the data provider.
Use updated text on SDK node to check if SDK has a valid EPOCROOT or not. Works now for project wizards too.
<?xml version="1.0" encoding="UTF-8"?>
<classpath>
<classpathentry kind="con" path="org.eclipse.jdt.launching.JRE_CONTAINER/org.eclipse.jdt.internal.debug.ui.launcher.StandardVMType/J2SE-1.5"/>
<classpathentry kind="con" path="org.eclipse.pde.core.requiredPlugins"/>
<classpathentry kind="output" path="bin"/>
</classpath>