Let me (Well, technically
Hirake!) put it this way: If the CMC (including Babs Seed) joined the Grouchketeers, Oscar would probably make Babs a VIP (Very Impudent Pony) member. After all, she knows how to act mean and they both share that New York chutzpah.
Hi, FrackleFan2012! Hirake! is glad to hear that you love it, and so am I; the more people enjoy it, the more the awesome crossover continues!
Hirake! would've colored the rest in, but because he had no fans or readers and the technique used to color page 17 took too long, he did it in black and white so that he could get it over with. Besides, Hirake! said that the chapters alternate from color to black and white; which means that chapter 3 will be in color while chapter 4 will focus on line art, even though it's mostly in black and white.
It's a long, funny story, really. The readership was so low/nonexistent that Hirake! unfortunately deleted the comic (He kept the originals, though). He didn't mind though, simply because he wanted to get this story out of his system and move on with his life.
Just as mbmfrog inspired Hirake! to make the comic,
you inspired him to continue it simply because you said you loved it. Just when he thought he was out, you pulled him back in!
You know, If
MLP:FIM wasn't made, Hirake! would've never made any fan art involving
Sesame Street alone because he knew that someone better than him would (and could) do it. And if
Sesame Street didn't exist--well, as much as he likes
MLP:FIM, and no offense to its fans--making
MLP:FIM fan art would be a total waste of his time. I mean, do you know how much pony fan art there already is out there; what's the point?