I have tested your theme on my DS. Here are my comments:

* To my eyes, the red text-list colour is a bit harsh to read. Since the
background is somewhat dark, I changed the text to white and readability was greatly improved.

* It's good to see that you're
experimenting with text embellishments but it seems to me that there is no overall theme behind your stylizing choices.

* Also
regarding your icon text: you should not use anti-aliasing or translucent colours if you are treating a specific colour as transparent. There
is still some magenta visible around the edges of your icons. An alternative to using a transparent colour is to fill the icon space with the
exact part of the background that it occupies, then put your icon on top of this.

To me, the colors in all of the menus don't really mix with each other.