|There should be a way to turn off the objective coloring. Also, the default color for the objectives (when not colored by completion status) should be the color of the difficulty of the quest (gray, green, yellow, orange, red). I also think that completed objectiives should be hidden or have an option to hide completed objectives (I didn't say completed quests).
Item 1 2 / 8
Item 2 8 / 8 (Either gray out or hide this line, based on options)
Also, some objectives don't have counts to them, and they are always gray, it'd be nice if they matched up with the color of the difficulty.