Using colorbox to present the images on Drupal Commerce products is really no different from the original techniques, except that the actual settings are done on the *product type's* display settings. Here's a quick runthrough of the process.

Colorbox is a light-weight, customizable lightbox plugin for jQuery 1.4.3+. This module allows for integration of Colorbox into Drupal.

Images, iframed or inline content etc. can be displayed in a overlay above the current page.

Colorbox Screencasts

• Colorbox for Drupal 7, part 1: Installation and image field integration on Vimeo
• Colorbox for Drupal 7, part 2: Inline images with the Insert module on Vimeo
• Colorbox for Drupal 7, part 3: Building a image gallery and a image slideshow

Similar modules

Please read the article Comparison of Lightbox-type modules. Colorbox is not included yet.