It was derived from a original 2 min grid data from NOAA. Have a look at http://www.ngdc.nooa.gov/mgg/image/images.html.
It's original size is 10.5k which was stretched to 16k for the VT version. There are versions with 4k, 8k and 16k available.
The coloring ranges from dark blue (deepest) over green, yellow, red to light gray (highest). There was only preshaded data available, so it can't be used well with normal maps. You may also see some artifacts due to adjacent tiles with different resolution levels. This may be caused by a subsequent refinement process on additional satellite data, showing different states of it at different locations.
The texture also shows the remarakably high aeras on greenland and antarctica. Because of the up to 2km thickness of the ice cover there they're real highlands.
Ok, here some pictures now (please keep in mind that the original is much sharper):
1. Colorful topographic earth
2. The Rockies
3. The Himalaya
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have fun,

maxim