What does the ??!??! operator do in C?

It is the binary shift operator.

If you have a color defined by (a, r, g, b), it's binary representation would look like this (assuming a channel depth of 8 bits):

AAAAAAAA RRRRRRRR GGGGGGGG BBBBBBBB

So, shift that whole thing over 24 places and you are left with the alpha channel

AAAAAAAA

Shift by 16 and you get the alpha channel and the red channel

AAAAAAAARRRRRRRR

Now, since that is cast as a byte, only the first 8 bits are extracted

(byte)AAAAAAAARRRRRRRR == RRRRRRRR

You could also get the red channel by shifting 16 places and AND'ing with 11111111 (0xFF)

AAAAAAAARRRRRRRR &
0000000011111111
----------------
00000000RRRRRRRR

It is shifting the bits of the current value to the right. In the case of this particular code snippit, it appears to be extracting each byte of color information from the selected bitmap array element into individual color bytes.

http://msdn.microsoft.com/en-us/library/xt18et0d.aspx

Assuming that your array contains ints, to get a computed value back into the array element, you would reverse the bit-shifting process and OR the results back together, like so:

int current = (alpha << 24) | (red << 16) | (green << 8) | blue; 

Further to Robert's answer -- and to cover the second part of your question -- you can combine the separate components back to an integer using the << (left-shift) and | (bitwise OR) operators:

int combined = (alpha << 24) | (red << 16) | (green << 8) | blue;