Hell hath no fury, eh? I have to agree, the subtext just drips off the page here. Hell, she (the writer) practically comes right out and says it.
And man, was Archangel cool. It was a mistake to ever revert him. The only thing they should have done was get him out of that awful blue and magenta outfit and into something a little more stylish, probably in black. Other than that, the character was awesome.
By the way, who here thinks Warren vibes gay most of the time? Gaiman thought so, and it's pretty easy to see IMO.
In my setting (I run a Marvel /DC merged universe RPG) Angel has been split, one half pink-skinned and with wings and a sword made of psionically projected flaming solid energy, and the other blue with steel wings as you see here. The golden winged Angel is gay, the steel winged one straight.
The gay Angel is a founding member of the Champions of Los Angeles, a gay-themed superteam which also sports Wonder Man and Hercules (among others) as members. The idea is, as an openly queer team, that they provide a positive role model of the gay community both for gays to look up to and for straights to see that gays can save the world and make positive contributions to it just like any other hero. Their hero activity is much like any other team, fighting whatever threats arise, but their public relations arm definitely emphasizes their queer identity. They do things like fundraisers for gay rights groups, appear at events like pride parades, and make public statements and press releases in favor of gay issues and in rebuttal against anti-gay forces. They would definitely have been making a commercial or two against Prop 8, for example.
I doubt it's anything that we'd ever see in the real Marvel Universe due to timidity on the part of editorial, but I'd love to see it happen.