Green button: default exposure program line
Red: Focus peaking
That said, I would LOVE to set red button to the manual/custom WB setting. Yes, you can hit the WB button on the 4-way controller, move over to manual white balance from there and trip the shutter to set the custom white balance. However, it would be SO MUCH better if I could press the red button, point the lens at something that is supposed to be white and press the shutter to set a manual white balance. That would make setting manual white balance VERY quick.
The Olympus m4/3 cameras have this option in their menus (I do it with the OM-D EM-5 and E-P3). That ability to set a custom white balance in the blink of an eye is one of the only things (other than AF speed and burst shooting in RAW) where I think the OM-D seriously surpasses the K-01.
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