If you spun a string of smart strings, you would wind up seeing the pwm pattern of the nodes.
With a 32 x 128 single color display, you would have 4096 pixels, one pixelnet universe. Throw in RGB, now you are looking at 3 pixelnet universes.
The only way I can see doing individual RGB
1 have preprogramed patterns
2 use an ethernet output card
3 use some other interface
4 send a video signal
Have fun