If you really think that BLACK and WHITE is a cop-out, then you might want to go and check out the works of Ansel Adams, Eliot Porter, Edward Weston, Robert Mapplethorpe, Diane Arbus and an innumerable host of others. Their works were pretty well all in black and white and I doubt few of us, me included, could afford to purchase one of their originals today.
Black and white photography is stilled considered a very viable art form today as is demonstrated by the existence of magazines such as Black and White and ND Magazine, and a large number of websites and forums, including one here on TPF, devoted exclusively to Black and White imagery.
I would suggest that you might want to widen your horizons by checking out some of the Black and White photography masters, forums and publications on this subject. I know that they have helped me immensely with my photography, even colour photography.
WesternGuy
As I feared someone was going to take what I said out of context.

I in no way meant to say or was saying that B&W in itself is a cop out. Some of my most favorite photographs ever have been and still are B&W. What I specifically said was this
"I might go aback and try B&W after some time has passed but Im really working hard to try and get better with my color processing. So I decided to just to commit to the vision I had and stick with it.
I often try on B&W with a lot of my stuff and sometimes just end up sticking with the B&W version because I couldn't get my colors right. I probably didn't nail the colors here either but I'm trying to force myself to grow.
Please, I hope that is not interpreted as a knock on B&W. On the contrary I often feel B&W can be even more difficult to get right.
I'm just saying for me sometimes in the past I have used B&W as a cop out."
That said I am also not saying that my black and white versions were really what would be considered "good" B&W. What I was trying to say there is that at times I have settled on a B&W version simply because it worked better because I was not able to achieve the colors I wanted either in camera or post.
So I hope thats makes it clear that I am in NO way stating that B&W in itself is a cop out.