I don't buy into this real men aren't afraid to wear pink bullshit. It's a hideous colour for a football shirt (as if watching Palermo isn't evidence of this). And as for it being the colour of the shirts the club first wore, so what?
Is it one star or two stars? I see a smaller pink star on a larger black star. I don't know....but I do know I have way too much time on my hands to wonder about such things.
It's better than any away kit Nike has designed bar the black shirt from 2006 IMO. I'm sure that name on the back was done for the 1996 CL final, before names became the normal practice.