Well yesterday while my wife was out with some friends I spent the afternoon finishing up my wheel truing stand. I pulled the front wheel off and placed it in the truing stand and started truing it in. I got it pretty true, but was still having some issues. So when I looked more closely, I noticed the hub was wiggling.
I dug into my bicyle magazine illustrated guide that I picked up from the library, and I took apart the hub(without cone wrenches I might add). Wow! The grease was pitch black, the balls and races were still ok, without a ton of wear, but there was petrified grease on the cone that wouldn't come off with just a rag, so I had to scrape it off with the edge of a plastic knife! I ended up getting it all out and sparkling clean inside and outside. The rim looks really good right now.
Since my original plan didn't include tearing down the hub, yesterday at performance I only purchased dry chain lube and their house brand spoke wrenches(works great by the way 14.99 for a set of three vs. 6.99 ea for the park brand which looks identical).
Today when they open I will be going back for grease and cone wrenches. Hopefully once I get it back together and adjusted it will spin like the well oiled/greased machine it should be.
Next weekend I'll probably pick up the tools to tear apart the rear wheel.