Roy writes "I was fiddling with the color settings for visual studio, and was trying to get a less eye-straining environment for coding in". What he came up with is definitely a matter of personal taste ;-)
Speaking of personal taste, here's a screenshot of my settings:
Most important for me (and my eyes) is the use of a proportional-width font. Verdana 8pt is the font I use for virtually every editor I use. Unlike e.g. Arial, you can call it a "developer's font", because you can distinguish the small "L" and the large "i".
Switching to a proportional font wasn't easy for me at first, because I had to break with old habits; most of them (e.g. aligning end-of-line comments running over several lines) were a waste of time, anyway.