It's part of CSS Colors Level 4, which is still in draft stages, but some browsers (but not all) already support it. It's the same as #ffff99ff (same draft), which is the same as rgba(255,255,153,100%) or #ffff99
This is a spec going through draft-review-deployment so we can type 3 less characters?
> This is a spec going through draft-review-deployment so we can type 3 less characters?
The key phrase above is is part of, it's one of the smaller aspects of the spec.
Until now, if you wanted to assign a colour with opacity, you had to use the `rgba()` format. Now you can just hex-encode it :)