Only noticable nerf to archery is the arrow speed. It takes some time to get used to it, but it's not really a big deal. The other nerfs (lower damage on arrows, lower amount of arrows, higher cost, dunno what else has been nerfed) I don't really care about them. They dont change your playstyle at all. I use strong bow (21/17 atm, 7 pd, about 140 wpf), and I'm doing just fine after the patch. Regulary having positive KDR, more often than not I can get myself to the upper half of the score board, pretty much all of my kills are ranged. Yes, I'm not killing anyone with full health in one shot, and I don't expect to anyway.
If this is what it takes to reduce the skillless spammers and generally the number of archers that are out there, just because it's so called easy mode, I have no problem with it.