What is more ironic in this topic is the small amount of people who are heavily criticising this are the ones who do not have activity at all in game and talking about gameplay experience
Also the big problem here is, which a lot of people seem to be missing out and quickly jumping on the bandwagon, is that BIG changes take time for you to see the real difference this has made. The report decrease and the reduction of days allowed to report someone are mitigators and will all play into a bigger role with new changes in the near future.
Another few points that were raised here, was that of course you are going to see a massive influx of activity over the summer period, and reports spiking up and the possibility of less Game Moderators/Report Moderators due to holidays and so forth. Let time do it's thing, and let's stop jumping to conclusions before you are able to see results.