I JUST located the same wire two days ago, and thought it shouldn't just be coiled up and connected to nothing, but I didn't bother with it further -- until I realized that my stereo didn't sound correct (I have a JL sub box that was not producing any bass, and the whole system was weak). Assuming that wire was a ground, I looped it onto a threaded post coming out of the firewall, and voila, the stereo was back to normal.
Now, to me sure we're talking about the same wire, mine is coming out of the wiring harness from the fire wall toward the fuse box, if I'm not mistaken. It's a mostly red wire with a black stripe on it.
I've since bolted it down under one of the bolts holding the unoccupied battery tray in the driver's side front corner of the engine bay.