There are 60 RGB LEDs per meter, and you can control each LED individually! Yes, that's right, this is the digitally-addressable type of LED strip. You can set the color of each LED's red, green and blue component with 8-bit PWM precision (so 24-bit color per pixel). The LEDs are controlled by shift-registers that are chained up down the strip so you can shorten or lengthen the strip. Only 1 digital output pin are required to send data down. The PWM is built into each LED-chip so once you set the color you can stop talking to the strip and it will continue to PWM all the LEDs for you.
The strip is made of flexible PCB material, and comes with a weatherproof sheathing. You can cut this stuff pretty easily with wire cutters, there are cut-lines every 1.3"/3.4cm (1 LED each). Solder to the 0.1" copper pads and you're good to go. Of course, you can also connect strips together to make them longer, just watch how much current you need!
Note: The operating voltage for this strip is 5V, do not use higher than 6V or you can destroy the strip.
