Programmatically launch Terminal.app with a specified command (and custom colors)

Question

I can launch an xterm from the command line (or a program, via a system call) like so:

/usr/X11/bin/xterm -fg SkyBlue -bg black -e myscript

Answer 1

you can launch terminal with the following command, not sure how to specify colors:

 open /Applications/Utilities/Terminal.app/