It's part of NEI. I don't remember the keybind to turn it on and off because I changed mine. It shows where mobs can spawn do to low light levels.
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It's new, along with showing chunk boundaries.really? Never knew about that feture in NEI. I'll have to look into that.
Why? Slimes spawn in swamp biomes at night now.Still waiting for a mod that shows spawnchunks
By default minecraft will always load x number of chunks around the worlds spawn point as a permanent chunk loader. Which last I checked can be configured in the server config file but for SSP has no config.
Also, it's not just light levels. It correctly shows that mobs can not spawn on xycraft blocks.
Zombe's modpack does a similar thing, except it shows yellow Xs where daylight means no spawn but nighttime means spawn. So you'd only have to watch out for red in a permanent daylight dimensionSomething to note though is it ignores daylight. Useful in the overworld since mobs could just spawn at night...but eternal day ages it shows as mobs being able to spawn most everywhere, even though it will never be night and actually allow it.