I usually avoid pink when possible but I don't loathe the color and even prefer it on some toys. My favorite colors are blue and black and the contents of my toybox definitely reflect that - though the box itself is an eye-searing lime green. I do have neon orange, white, mocha, and some purple mixed in as well.
I do think that baby blue, pastel purple, and pink-pink are *really* over used on toys that are targeted towards women. The same is true of flat black and firetruck red being chosen overly much for toys targeted towards men.