Many players are using macros to switch to strength mode, punch and switch back to armor mode in less than a second. Unfortunately, these shortcuts kind of destroyed the balanching, because it was incredibly easy to kill your opponents in close combat. With the new damage values, it's still possible to kill your opponents with only one hit, but now you have to aim for the head. Otherwise, you'll need two hits.
If the majority of players wants back the original melee damage, I'll reset it of course. But at the moment, the positive feedback seems to dominate.