Just arrived today... Its borderline orange. Calling it "bright red" isn't misleading, but also leaves it open to interpretation. The photos from Spigen make it look to be a cherry red rather than an orange/red.
Edit: I'll post some more photos later today and try to edit them so the color of the case renders correctly on the N5 screen.
Sent from my Nexus 5 using XDA Premium 4 mobile app