I'm not convinced that damage in combat is that silly. Its certainly better than in legacy, imo... It took quite a while for a titan to beat me silly in standing in a spar; my armour broke first! (was the day before this patch ) if I had been running and just putting up blocks instead of attacking I would have been able to get away almost certainly.
Edit: The other thing about nerfing damage is that it hugely diminishes the possibility of surprises in combat. I understand that 1v1 probably doesn't matter so much to people with larger groups but it would be nice to keep it in mind, its silly now and with lower damage would be even sillier.