I know how to get to the tagline text, I just don't know where the font color for that is at.
And for the hover font color, I'm not really sure where that text is to begin with. I tried using that program without much luck, what exactly does it do?
To use the developers toolkit to locate items in the stylesheet you would need to input not the text you see on the template, but the selector name, etc. A better program to use for this is Firebug or some similar program.
The tagline color text is line 68 (of the original stylesheet if you have not altered the stylesheet.css that came with the template package):
#tagline {
color: #ffdddc;
font-size: 1.7em;
font-weight: bold;
text-align : left;
vertical-align: middle;
}
The hover color is:
a:hover, #navEZPagesTOC ul li a:hover, #navMain ul li a:hover, #navSupp ul li a:hover, #navCatTabs ul li a:hover {color: #db5d5d; text-decoration: underline;}