Not in Windows, but in my teens I happened across a very similar color scheme on my Commodore 64, and used it for quite a while.

Something about red text on a yellow background made pixel-level details on my television set seem much crisper. The default light-blue on dark blue, for instance, was much blurrier. I'm not sure if it was an illusion, or something actually grounded in the display technology of old CRTs.

Do you still remember hotbot's color scheme? I guess back in the days we all were brave and less boring.