This is where I concluded too. Putting aside the DPI problem some people are experiencing, which is not the subject of this thread, I think that the blurry font issue is not grayscale (or single-color) rendering itself, but the lack of an option to calibrate the renderer for different monitors. I'm not sure if the optimization has to do with gamma settings or just the contrast between gray pixels - I've noticed though that my fonts become better or worse when viewing my screen from a lower or higher angle.
Well, whatever the actual cause is of the problem, the problem is that fonts in IE (for instance) are rendered different in Windows 8 than in Windows 7 on exactly the same monitor (and in W7 there also was no calibration setting, and W7 also had hardware rendering, but MS admits it changed the antialiasing from color to grayscale)..