Yes, definitely ask for the "red" room. I stayed there last month on a comp and booked a (free) Strip view regular room. I asked at check-in if my room would have a flat screen (it was Oscars weekend and, well, kinda something I wanted to see on a TV from this century) and was told no.
So I asked for the "red" room upgrade, which they did for free...but not one with the Strip view, which I really didn't care about.
Amazing how places that used to be the pinnacle of high-end lodging in Vegas -- Paris, Bellagio, Caesars -- now look like relics from 1998 compared to Wynn and Palazzo. Hell, even MONTE CARLO has upgraded to flat screens in all their rooms!!