Is it trolling? If not - why? If yes - do posts like that have a chance of being removed (with a better report comment perhaps) or should we not bother?
It is obviously trolling, but it's also free speech. I've never been particularly affected by trolls, I tend to ignore them for the most part. I doubt LoyceV was hurt by it, he seems like he's got a thick skin, and knows how to shrug off the haters. I don't know that I would have deleted that post myself (if I was a mod.)
I prefer free speech over enthusiastic moderation of trolling. One man's troll and another man's... I don't know what's the opposite of troll? Rebel? Protester? Wise-cracker? Whatever. I voted for the first option; remove the rule. It's fairly apparent that it isn't enforced anyway. Just look at how long CH/TOAA has been trolling... And still doing so.
I understand why you reported the post, though. A fake newbie attacking LoyceV is more humorous than anything else. What a fucking coward. If you want to be critical of another member, find a way of expressing yourself without diving into attacks on the persons character. And don't stoop so low as to attack the dead, without any legitimate reason to do so. That whole part of the post was off-topic as well, so it's a gray area. Still, it is dick-move, but that's no reason to delete it.
Slightly off topic; who's the moderator for the Meta board?
ETA: OP is not stupid, and I'm sure that his offspring (suchmoonlets?) are adorable.