Both Anna Spiro and I share a crippling addiction to pink (she has just done a post).
I am just itching to paint a room in flamingo pink. I have the sample pot, now all I have to do is find a room!
What is new about pink is the way you mix it. I love it clashing with red, a la Yves St Laurent, or have it as a bold accent in an all-white or grey room. It looks modern with other pinks in bold pop art prints.