The AF1 in question comes in "White/Habanero Red/Obsidian" and is made from a mixture of synthetic and real leather. It sports a dark "Obsidian" blue swoosh, with this same color serving as one of the stripes found on the webbing band that wraps around the sneaker.
"White" and "Habanero Red" complete the tricolor effect on the ribbon and also find themselves adorning the tongue tag, where Nike adds its signature branding. White embroidered branding can be found on the heel and an "Obsidian" blue swoosh can be seen embroidered into the bottom of the eyestay. In true AF1 form, the toe box has been perforated and the sole unit is complete with star detailing towards the toe and heel. White laces have been added to round out the clean look.
Check out Nike's new Air Force 1 '07 LV8 offering in "White/Habanero Red/Obsidian" in the gallery above, and pick up a pair for yourself on Nike's website for $110 USD now.
In case you missed it, take a look at Nike's tear-away Air Force 1s and Air Max 98s.