All the bytes went to the big hex party. A debate ensued about which was the best: color, black and white, or mere shades of gray. In the end, all agreed that black and white was the best.
The puzzle can be solved without any of the information from the story above, but it may be helpful to you in your pursuit of the solution.
Many thanks to leitko4 for beta testing this puzzle and for his constructive suggestions. Congratulations to CrunchyFrog83 for a well-fought FTF, winning the unactivated "10 years of Geocaching - Big Blue Switch" geocoin as the FTF prize---
04/03/11 Made a one-word change to the puzzle hint
I will gladly offer hints to those who ask.
You can check your answers for this puzzle on Geochecker.com.
09/28/12 It appears the location this cache was placed no longer exists! Once you've solved the puzzle, please subtract .034 from BOTH coordinates, and you will find the new location. I will update the puzzle data itself when I have time but for now, please use these offsets!
555555
6A98C2
6178C1
23FA52
081BDF
37CF30
0FE2FB
56AA98
139D05
3D18A2
0F811D
4B9BD6
192F21
746D48
47CCB7
5772B8
66E373
67C9E0
0B17A9
72499E
4CD361
7266E2
21C4C5
000000