Is Call Of Duty Modern Warfare 2 Homophobic Or Has Political Correctness Gone Mad?

The Telegraph has predicted outrage from the GLBT community after it was discovered that Call of Duty : Modern Warfare 2, which is produced by Activision, features what they deem to be a homophobic joke.
Appearing as part of the game’s campaign mode, the game sees two US troops have the following conversation:
Troop 1: You ever [...]