No, it's not. This, this, this, and especially this is annoying to read. In fact, in my own opinion, even this colour is annoying to read. I think everyone should use white text, personally, I hate the grey.
Anyway, no more off-topic complaining about my text. What is this, hate the light pink day? It's a first, honestly.
Every damn color is annoying to read. In my opinion the only thing that should distinguish your posts is their content, not how many colors of the rainbow you can cram into it or what font you use or how much time you spend alternating bold and italics for each letter or whatnot. When you make every single post pink it's like shouting
PAY ATTENTION TO ME I AM A UNIQUE SNOWFLAKE! and as a rule it makes me ignore you on principle simply because it makes me think you have nothing worthwhile to say and you are trying to make up for it with text formatting. From a more practical standpoint it can make your posts near-impossible to read if I'm looking at the mobile version of the forums on my smart phone, which I often do when I'm bored at work. But enough off-topic stuff...
People are seriously freaking out over this? You can equip a one-hander in both hands and benefit from the greater speed and one-handed skill-specific perks while still being able to block. If you're upset that you can't punch people at the same time then I really don't know what to tell you.