I'm fairly certain this has been addressed elsewhere, so if some kind samaritan would point me to the post, I'd be perfectly satisfied. But tell me, what are the legalities/ethics of an homage typeface, such as this sample I threw together, affectionately termed Scratch Garamond.

Would you consider that to be within the bounds of fair play, as a legitimate deconstruction/homage, or is it a blatant ripping off of a classic (or, worse yet, outright prosecutable theft)?