Yes, it still looks pretty bad. It looks like it matters a lot more with the thinner font in iOS 7 whether the straight line strokes sit across a physical pixel boundary or not.
There's no LCD subpixel smoothing in iOS, so it shouldn't make a difference.
I've noticed this effect also, and across a number of apps, on both an iPad 4 and an iPad mini. It's most obvious on the mini due to the low pixel density on the iPad mini.
I can't read the mini in portrait mode mostly because I haven't found a font+size combo that I find acceptable.