Like anything, it's usually the payoff that is exciting and glamorous. I know the old hacker mantra: 'boredom and drudgery are evil' hence why we automate everything, but I don't think the mantra holds true for most hackers. The best hackers know that programming essentially works against you when you do it, because there's no instant gratification. You have to constantly bang your head against the wall (even because of simple syntax mistakes that make you feel like a n00b all over again).

The payoff is always fantastic though. Whitehat or blackhat, knowing that all that hard work and grunt pays off is a wonderful feeling. I tend to veer towards whitehat stuff though because of the old saying: 'If you can't do the time, don't do the crime'.