It's all good. I'm not sure if I subscribe to "if it's not PMS 186 red, it's not the correct, official school color".
Oregon experiments with lots of stuff...one of which are the school colors. Maybe that's horrid to the USC and Penn States of the world, but I think it's pretty progressive (see patrick's post just below). And being a progressive kind of guy, Oregon fits well with the kind of person I am.