I think you want to get color palette back. If so, go to Window > Color.
If you meant to switch from foreground to background color(or vice-versa), you can use "X" as the toggle key.
Hope that Helps!
Thanks, Arpit, I meant the little curved arrow icon that I thought used to be next to the foreground and background colors on the colors panel. Clicking on it used to reverse them. X does the trick though, and looking around again, I see that the background and foreground colors and the arrow are now on the tools palette. Have they been moved or am I suffering from senile decay?
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Yup, I got which curved arrow icon you were specifying above. It is basically used to switch between the foreground and the background colors. "X" is a keyboard shortcut for doing the same.
Well, i am glad to hear that the solution worked.