It's looking like oldwobbler is formatting his text in his posts (colour, size, font) but perhaps if you're viewing it with a different skin than he, the formatting is changing it to white on a white background or black on a black background. One of the downsides of choosable forum skins.
Same with old wobbler. Just highlight the area with your mouse as if you going to copy and past text then it becomes readable.
On the note of pegs, i'm 6'2 and find the standard pegs to be perfect position. Every bike I ever had pegs were perfect. Changed to adjustable pegs on a zx9 after months of fiddling they ended up being in the OEM position.