Tom Ferry, Bill Cottrell, and Chuck Bybee invented the stuff and introduced it a few years ago at the BLADE Show.
Recommend if you are going to finish it, go to a high shine...maybe a 1500-2000 grit or better before coloring. I have not had alot of experience anodizing it....do like to heat color it...recommend propane as it colors slower than MAP gas or hotter. Also seems to brighten the colors with a light coat of Renasance Wax hand applied and lightly buffed by hand with flannel cloth after assembly of the knife.
When I use it, I usually do bolsters in Timascus. Some have done entire handles, which can be stunning but it is not an inexpensive material. Get them all finished in the silver, pre heat coloring state...lay the bolsters on a piece of steel in my vice and heat color either/or from the underside of the steel "platform" or directly heat the top surface as evenly as possible. When the right color is attained, I knock the pieces off into a bucket of water I have under the steel "shelf" to halt the coloring process....must be very clean water to avoid staining the Timascus coloring. If for some reason, you don't like the results of the coloring, completely sand, buff, or 3M fiber deburring wheel remove the color and take back to high shine in sliver and recolor with torch. It does seem that if you handle the colored Timascus as little as possible especially for the first day or so after the coloring, it seems to have the coloring "harden" a bit...this may just be my mind rather than reality, but it seems so. Also avoid handling as fingerprints contain oil/ skin acids etc..and on a highly shined and colored piece, they could affect the colors a bit...again in my mind anyhow.
Fully concur that working this stuff is like working Titanium...slow enough on a grinder to avoid sparks...same as I work Titanium. Timascus is 6-4 and CP and is a bit "gummy" to work if you grind anything but slowly and "coolly". Will also mill well but take your time and use slower speeds. Ti burning sparks and fumes are not fun and ti fire is hard to put out...and burns hot and almost blindingly bright white. Treat the stuff with respect. It can give you a beautiful enhancement to a knife you make or look for it in a knife you may collect. The maker was willing to make a reasonably sizeable additional investment in the knife he/she made and seems to be accepted as an enhancement to a collected knife's value. Chuck Bybee/Alpha Knife Supply is, to my knowledge, still the exclusive marketer of Timascus.
Try some, it is neat stuff (that is my "technical assessment" of Timascus).