Yeah, that's a rather enormous nerf to Orcs - they're now even worse than their alpha incarnation, which itself was generally considered underpowered. Unless you're scumming for PISORF or trying for a low level boss kill in a normal difficulty dungeon, I can't think of any situation where an Orc would be superior to a Human. I thought they were fine before, but I suppose I haven't been following the latest bragging to know what the problem was supposed to be.
Interesting change to the bank; you could probably do quite well with a purist Tinker run now (
not that you couldn't do quite well with them already).