I see your point, but most of those highly inflamatory words are still never meant to be used by anyone but the group that has reclaimed them when they are race- specific.

I think the goal in the reclamation of the word "cunt" wouldn't be to defuse the power of the word so much as make it something that women wouldn't feel as mortified by when they heard it from another woman.

Rather like how the word "bitch" has become.