I don't really see any issues, to me, the keyboard is beautiful.
It seems you are just focused on raw technical details and honestly I don't see it playing out. You also have to remember this has an ARM processor which might help the panasonic chip.
From my video on amazon you can see that it can do any of the colors, combinations of colors, level of lighting, effects and in any direction that you want.
The keyboard really is amazing, there is no reason to be ragging on it.
"All of the lighting in the key switches connects to a
custom lighting controller and a powerful ARM processor to control both the lighting and the keyboard 104-key rollover matrix."
I'd say these quotes from corsairs website makes your points completely moot.
Try one and see if you can make the color profile you want before complaining about the technical aspects that may or may not have any baring on this board.
Also, don't disregard anything until you have first hand experience. Grapevines with their degrading Second Hand information don't tend to provide accurate results.
Seriously though, I don't understand what your issue is.
http://www.corsair.com/en-us/blog/2014/september/corsairk70rgb"Featuring the world’s first German-engineered Cherry MX RGB key switches as part of a limited-time Corsair exclusive, the K70 RGB allows for 16.8 million per-key color animated back-lighting by utilizing an on-board ARM processor and a powerful lighting controller that uses new software to display fully customizable lighting effects such as gradient and ripple patterns. The software will also allow for powerful key sequencing actions across multiple modes and profiles in conjunction with the lighting. Furthermore, all standard keys on the K70 are remappable, replacing the need for dedicated macro keys."