You might want to darken it some more, It's quite hard to read. On a touch device, like the iPad, there is no mouse-over. Even if I touch the text, it stays light gray. My personal rule of thumb is to think twice about every onmouseover design decision because of the proliferation of touch and mobile devices.
I still can't read the text. As a developer who has spent a lot of time working with designers, this screams to me that you're unrealistic and don't think about your actual audience. So I'd fix the damn text contrast. And if that requires a complete reshuffle of your design, so be it!
Also - I only noticed that there was mouseover effect while I was mousing from the middle of the page to the back button. My mouse started in the middle of the page, I scrolled, read some text, and moused over to leave - at which point I discovered there was a better way to read.
You've got to be kidding. It's completely unreadable. Here is the text color you want to use: 0x000000. Here is how many mouseover effects you want to use: 0.