Out of my experience:
Yes, it exports textures and colors. But it doesn't support UV-mapping. Also, animor doesn't export the colors properly when coloring vertexes. Convert it to a .X file to have a proper object.
Also, make sure your textures are all bmp! jpg or any other format will not be read by DBC.
Another thing you might want to know, is that anim8or doesn't support animation. Only in it's own format (.an8).
Blender is good. But most people think it has a pretty difficult interface. Wich is also the reason why I don't use it...
Immunity and Annihalation makes Immunihalation...