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[positive_errata]

Sauce's method is absurd. I'd start feeling homicidal, not rejoiceful.

I've always used Illy to open .wmf files, then just resave as .eps

In Illy, you can easily select items of the same color, even if they are a different tint. The only drawback I can think of is if the artwork has tons of gradients with different fill colors - the Select Same feature doesn't work with gradients.