It's not coming from the hose that is clearly the A/C line. It's actually coming from the one directly below it.
Instead of coming out of the first smaller rad and clearly going into the condensor, it appears to be coming from the main rad and goes to the block. After leaving the rad this line immediately drops down beneath the car (hugging the chassis wall by the drivers wheel, almost like it's to keep it out of the way) with another rubber hose, and after only 6" of tubing underneath the frame, it comes right back up and goes to the back of the engine.
It's a stupid little pinprick of a hole and it's spraying a brownish fine mist everywhere.
I'm nervous that this isn't A/C stuff and is something more important like... Tranny fluid. I can't really say it's reddish in colour, nor can i see a noticeable difference in the level on the dipstick, but I've yet to check that again.
Other then coolant, what else runs through the main rad? Coolant should be green, right?

-------------------^^ this hose right here
Any help here would be greatly appreciated.