Stockfish gives 7...Nf6 as best (+.92 at 30 ply using Stockfish 8), but as several strong (human) players have pointed out, 2...f5 is objectively bad. IM John Cox, for example, and GM John Nunn have both said it's bad.
You might be able to survive using the Colorado in an engine-based correspondence game, but why even try it? White is either winning or nearly winning after only 7 moves.
Actually in my database which has 1.7 million games all from fairly recently there are 138 instances. White has won 57, draws 35 and black wins 46. I agree that its objectively bad but it has shock psychological value, whatever that is worth.
Really?
Your database has 138 instances of 7...Nf6 in that position? And you only have 1.7 million games? Really?
it has 138 recent games of 1.e4 Nc6 2.Nf3 and 2...f5. Why this should be difficult for you to believe I cannot say. That is the Colorado gambit is it not? Would you like a screenshot to confirm the veracity of my claim?
There were numerous discussions on this site that such a small margin in no way implies won game by any side.
In fact, after Nf6 and 3 minutes of thinking, Stockfish gives the margin as 0.8 , what seemed to be a full pawn capture in the beggining, gradually diminishes as the game continues.