[excel] Excel: Can I create a Conditional Formula based on the Color of a Cell?

You can use this function (I found it here: http://excelribbon.tips.net/T010780_Colors_in_an_IF_Function.html):

Function GetFillColor(Rng As Range) As Long
    GetFillColor = Rng.Interior.ColorIndex
End Function

Here is an explanation, how to create user-defined functions: http://www.wikihow.com/Create-a-User-Defined-Function-in-Microsoft-Excel

In your worksheet, you can use the following: =GetFillColor(B5)