[quote=Yog Sothoth]In my opinion black is almost as flawed of a term as people of color, the skin color variation from dark to light makes that term just dumb.[/quote]

I have to agree. The idea of there being a group of 'coloured' people seriously annoys me. It implies/suggests that White people are the best/default and everyone is some sort of variation/difference from the norm.

It's the same reason I try to use the term "Heterosexual" rather than "Straight" (Though, I do slip up often cause it's the term we're all raised with >.<). 
Because it implies Hetero people are 'right', 'normal', that their 'straight' in the sense there is nothing off or odd about it. But every other sexuality is some kind of variance.

I mean, I'm all for terms to help better clarify/describe what someone is. 
So bring on the LGBT terms, feel free to say someone has _______ coloured skin.
But for heavens sake don't set the tone to imply that one's the normal/default and everything else is somehow different.