(Notice from my reply [two posts up] that I do not say that Pathfinder has small fonts. I say "IF you have small text..." Speaking in generalities... out of my arse as usual)
The font size IS NICE for the Curse of the Crimson Throne books. The background/watermark is still distracting for me and puts a strain on my eyes. This is just my perception.
If you look at stuff that Malhavoc Press does, they have small text size and plain white backgrounds. The text for CotCT is much larger with watermarked backgrounds, so they probably balance out. ;)