Smells - there is no problem with the term and actually makes complete sense. I'd prefer to feel that we were all equal regardless of whether we're male, female, black, white, gay, straight and anything in between. That - for me anyway - it what I would prefer to identify with.
High fives SirChenjin.
I went to a informal feminist meeting at uni, and some of the group started criticising some students in short skirts going by. That's when I ditched the femin and opted for the equal. Hard core feminism, my 18 year old self soon decided, was just as restrictive and controlling of women as any patriarchal society.