Powershell: Properly coloring Get-Childitem output once and for all

Question

Edit: Original solution at the bottom of this post. For a more up-to-date solution, see the accepted answer, posted by Thraka.

Colorizing Get-Childit

Answer 1

I have another script which takes care of Format-Wide (ls) case and also has better performance by using dictionaries instead of regex: https://github.com/joonro/Get-ChildItem-Color.