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As Brassmonkey said, the red label were LEO (law-enforcement only), made during the asssault weapons ban and sold at a discount by distributors. Now that they are legal (the only difference was the hi-cap mags), they sell interchangably with other non-LEO boxes. Blue label I haven't seen...
 

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"Blue guns" are available to military and LEO's only. No difference in the guns or mags (if you're in a free state). They are controlled due to pricing and inventory.
 

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Blue= LEO (now also public service)
Red= Gen population

The labels have nothing to do with capcity of magazines however if you buy Gen3 Glocks in compact and full size, the red labels have 2 mags while the blue have 3. All Gen3 sub-compacts only come with2 mags regardless of label. The Gen4's now all have 3 mags. Each gun store has had their blue labels seperate to meet immediate needs to LEO's.
 

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I have a blue label it came with 3 15 round magazines a g-22 and with night sights and bought it from a leo dealer.
 
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