Hello Grob,
to define the color you should edit the file ... /modules/mod_templateswitcher/templateswitcher.css
on line 3 class templatename insert color: #color_you want ;
If you want also define the hover and active status create a new class
.templatename :hover, templatename :active, template :focus { color: #color_you want; }
I will sent your question to the dev. Team as improvement suggestion.
I hope my answer is helpful to you!
Regards
Caro