As with most things related to genetics, it's usually pretty complicated. Even the brown/blue eye isn't as simple as once thought; over 5 different genes contribute directly to eye color and some indirectly (pigmentation density, etc). Identical twins can even have different eye color.
I also had a strong interest in Capsicum genetics earlier this year and there are some really nice resources (like thegreenman showed). It's just difficult to find sometimes. I work at an academic institution so I have access to journal articles that offer some good specific information. If anyone is interested in PDFs of these articles, just PM me and I'll get them to you.
If you don't want to PM me, I'll just leave some of the more interesting bits here:
As a general rule, red is a dominant color
Multiple genes need to be dominant to retain red color (ie, if any of those genes are homozygous recessive, fruit will not be red)
White is fully recessive
Fruit size and immature fruit color are controlled by the same genes (ie, not all combinations are possible)
Fruit size and flowers/node are somewhat controlled by the same genes as leaf color
Multiple flowers/node is driven by 3 dominant genes, but a plant with recessive genes at one skips over the other 2
As a general rule, upright fruit is recessive
Excessive corking is recessive