I am a novice home automater - I have recently picked up a few home automation device (lamp modules, wall switch and remote desktop control) to control a few incadescent lights in the basement.

My question is regarding the remote controlled module wall switch that I have to replace a standard wall switch (which states simple 2 wire hookup)

How does it hook up? the module has 2 wires (black and blue) and the existing wall switch has 3 wires (red, black and white)

Thanks in advance for any help.
James