As with most such question, I think the best answer is 'it depends'. I've found code first very useful when building out a smallish self-contained system (an android app with a .net / sql backend), which has about 15 tables and is unlikely to grow. The beauty has been that I can keep coding, adding things to the models as I prototype and get feedback, think of things I've forgotten, and don't have to muck around with sqlscripts. Simply add-migration from the package console and job done. However, once that system goes into production I will revert to a traditional approach. On other bigger, more complex projects, where you have a logical schema with ~200 tables, there is no way I would do that code first.

I am inclined to agree with Colin. On a similar note, I can't help but notice how the vocal majority (forums, blogs, twitter) are always banging on about crap code, and how crap everyone else is at coding. Everyone seems to be rock stars in their own little world. Personally I have been on both sides of the fence. On some projects I have been the star, and felt pretty important and confident in my abilities. On other projects I have struggled to hold my head above water. The former tends to be projects where I have been involved from the ground up, with familiar technologies. The latter tends to be where I have joined a complex project that has been going for a while, has a large code base, with unfamiliar technology choices. Without a doubt there will always be a project / job that myself, the OP and most other people could be seen as 'Bob'.

It is strange, and something I would never do. However, without knowing the full context I can see that it might be somewhat logical. For example, if a variable was used to store the state (instead of the color) and the color was required to be changed at the same time, you could argue the variable is redundant and why not just use the color. Particularly if it is a small piece of self contained code that has no coupling or external influence. In that case, who cares, if it works move on.

One day someone will jab their fingers in those rolling eyes.

The strange thing is that the 3 char field uses 3 bytes and only allows up to 999. Depending on the platform, a 2 byte int would allow at least 32767 entries.