Much improved!
However, I humbly submit that (like in many parts of the UI) the excess verbosity can be eliminated. I also think the background color suggestion proposed in this excellent post would be a great improvement in contrast and readability.
Here are a couple quick samples with these points in mind…
Dark Background
Light Background
EDIT: And oh yeah, I definitely agree with @Jici about the option to left, center, or right align!