How to colorize the output of Python errors in the Gnome terminal?

Question

Note: I am asking this question after researching how to actually do it. Other questions which are somewhat similar, but actually differ from my question relate to:

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Answer 1

Quick hack solution, UNIX only. Redirect stdout to a file with .py suffix. Then display file using vimcat for colorised output. Wrap this all up in a shell function. For example in bash;

# print colorised python output
colorized() {
    local out='out.py'
    if (( $# < 1)) 
    then
        printf "Usage: %s pyhon-script\n" $0 >&2
        return 1;
    fi
    if [ -e $out ]; 
    then
        rm $out
    fi
    python $@ 2> $out
    empty=$(stat $out | grep empty)
    if (( $? == 1 ))
    then
        vimcat $out
    fi
}