There is another advantage of red light that's surprizing often overlooked on these forums (probably because most people don't need it):
Red light doesn't travel as far through air. Advantage: If someone's looking for you, you're harder to find.
I think the physics behind it is that low wavelength light (ie: red) refracts more. This means that water droplets in normal air will scatter the red light more than higher wavelengths.
I think this is the major reason red light is used heavily in the armed forces. For example, if a Navy ship takes a hit, all the lights turn red. These red lights are bright enough to kill your night vision (not that you'd probably need it on a lit ship), but the advantage is it doesn't shine out to sea.
Edit:
Arg! Dogliness replied while I was typing (slowly apparently).
Yes - the second reason is true. In fact, I almost wonder if this was the reason red light really became popular, and the night-vision aspect is a spin-off??? Truely, any color will preserve night vision if its dim enough, and will destroy it if bright enough. I'm not even totally convinced that a red filter has any major night-vision advantage other than dimming the output!
Something else I noticed - I turned my car's internal light red at one point, because it seemed to make driving with the light on possible. But again, maybe it was only the dimming effect of the filter.