Set View as type of this field to Custom and use the following code:
str = "<table width=100% bgcolor="
if strValue= "OPEN" then
str = str & "red"
else
str = str & "blue"
end if
str = str & "><tr><td>" & strValue & "</td></tr></table>"
strValue = str
In this example background color is set to red if field value is OPEN and to blue in other case.