Like with everything in life, context matters. If Duran was a very hateful person, who openly advocated for gay people to be second class citizens and posted hateful things and said that word I'd be bothered.
That's not the case, that word is said a lot, even gay people use it all the time. I don't think he meant it in a hateful way at all.
That doesn't make it right, and he's suspension was warranted, but I think the small 2 game suspension reflects this. The punishment should fit the crime.
I believe he is sincere, and won't make that mistake again. I accept his apology. And to be frank, I think this whole thing is being blown out of proportion.