Geohash Generator

Python 2, 129 bytes

import md5
d,q,c=input()
h=md5.new(d+'-'+q).hexdigest()
print map(lambda p,o:o+'.'+`float.fromhex('.'+p)`[2:8],(h[:16],h[16:]),c)

Input is given in the form '2005-05-26','10458.68',('37','-122') (using the example).

Computes the MD5 hash with md5.new().hexdigest(), then performs the necessary transforms. I could save five bytes by using h instead of h[:16], but I'm not sure if that would affect the six most significant digits in the decimal conversion.

Ideone it! (substituting an eval() call for the input())