Yes, black arms. My SRM is a complete custom build with 16 strain gauges, so it's basically a Science model that's the same weight as the Pro model. And it's black too, so that rocks.
Concerning warranty on the frame, I am just not too concerned about that. I know that the single hole I drilled will in no way effect the structural strength of the frame (I am a structural engineer and I have a good friend that's one of the head engineers at Cervelo). Also, the local Cervelo dealer has been advertising that they are the only dealership that's authorized by Cervelo to drill frames for Di2 without voiding the warranty. I know that's bullshit though as far as them being "the only one", because that's not the way things work. With that being said though, if there was ever to be a warranty issue with my SLC-SL I don't think that I would have a problem getting a new frame.
