For real? Did someone pay 200 BTC in transaction fee?! LOL! SO FUNNY! Anyways, that's besides the point. The question is: can I still receive money with [[change received]] address? I just want to make sure.
Another thing you can do: check "hide change" and that will hide all of the associated bitcoin address with [[change received]] address. It's a nice feature to have, so perhaps I overlooked this feature. You're right, it's not a bug; thanks for clearing this up. Kudos.
[[change received]] labels an address as having being used for change. The address is of course still valid, as it holds your change. the Bitcoin protocol strongly recommends to not reuse addresses, mainly to protect your privacy. So, as default, Armory picks a new address in your wallet every time it needs to send you back change. The corollary is that Armory will not pick that address again for change, and it will mark it as such, so that you may abide to that recommendation.
Of course this remains a recommendation. Addresses marked as change do not have their mechanics altered in any way, and you can use them to receive other payments at your leisure. It simply is considered bad practice, and Armory makes a point of offering you the opportunity to use the recommended way as described in Satoshi's white paper.