love your pano. I also admire your monochrome madness. It really is a learning experience to see the world in black and white, no?
As for this shot, it doesn't work so well for me. I think in order for this to stand up to black and white you would need a lot more contrast and the water would need some LIGHT! By the way, since you are a photoshop master, it would be okay to paint a little light onto the water and "fake" the light.
As for the spot coloring... in this case I would far prefer it if only the guy on the frontmost boat was in color. By having split buildings in color you are really confusing us and dividing our attention.
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