This script will let you change the label color of the selected iTunes tracks' files in the Finder.
Perhaps Also of Interest...
downloaded 8m 10s ago
Displays files in iTunes Media folder not in iTunes track library
downloaded 24m 34s ago
Remove iTunes tracks disassociated from files
downloaded 28m 48s ago
Download selected media from a web page in Safari
downloaded 31m 24s ago
Batch merge and/or delete playlists
downloaded 42m 37s ago
Exports and then re-imports selected tracks' artwork
downloaded 55m 35s ago
Batch-change the Album Rating for the albums of selected tracks