On my desktop, I can use color coding for appointment categories in Outlook Calendar, but they don't seem to come over to WM Calendar on my XV-6800. Is there any way to do this? I mainly need it in the monthly view, as that is what I use most.
If not, are there any 3rd party programs that would give me this ability?

You are referring to Calendar Labels (shown below) correct?

I would be interested in this as well. I sync my calendar with two computers (my work and my home) via my Sprint Mogul.

I also noticed that:

I can change the color label on a calendar item on my work computer and then sync with my Mogul. When I sync with my home computer, it will sync the calendar item but not the color label.

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Well, I posted the same question on the WMExperts forums and got an answer that a program called "Pocket Informant" will let me do these things. I downloaded the trial and it seems to work. Still have to do some exploration of all the options, but I think this is the answer. I work 2 different shifts, so I was able to use different color flag icons to mark which days I am day-shift and which I am night-shift.

I am looking into this program now. Thanks.