The style is downright bad, plain and simple. Colouring is bad, layer usage terrible, (we don't use layers here when re-colouring). The purple doesn't do justice to sensitive eyes (designed by princeton who created the thread about white text on black background). Green is, well, jungle fever. Not to point fingers though the blue is about the only coloured style that is bearable to the eye. It's the only one I'll use without straining my eyes.
It's a bad style no justice in sugar coating it. It will be insulting intelligence.
Edit: Just so you see what I mean, here is the current purple icon unmasked where it should resulting in sloppy re-colouring. >>
And a 30 second effort where i simply applied masking in the appropriate layers resulting in a better visually usable image which imo is easy on the eyes.