I think this actually works posting in case it's useful to someone.
Both the red and blue objects show up as highly saturated (bottom left). Bottom right shows the hue values, "pix_curve"-d so that only a narrow range of colors comes through strongly: there are two saturated spots, but only the left-hand one (blue) comes through.
No attempt to clean up the background in this version, but this already does a good chunk of it.
hjh