Very Helpfull, Thanks!

You're welcome ;)

is it already set up for you to add your own music?

No, you'll have to do it manually. It is not easy because you need to analyse the music file to adapt the frequency range. See http://cgcookie.com/blender/2011/06/02/building-an-audio-visualizer-in-python/ for the detail (at time 21:00). To adapt it, you need to change the music file in the script, adapt the max frequency (16550 in my example "step = 16500/(rows*columns)" ) and run After, you just need to adapt the length of the animation in the timeline (color changement are cyclic). don't forget to load the music file in the VSE ;-) to play music during animation. Have fun