Just food for thought, from the GLAAD website:
"->-bleeped-<-," "->-bleeped-<-got," "dyke," "homo," "sodomite," "she-male," "he-she," "it," "shim," "->-bleeped-<-" and similar epithets
The criteria for using these derogatory terms should be the same as those applied to vulgar epithets used to target other groups: they should not be used except in a direct quote that reveals the bias of the person quoted. So that such words are not given credibility in the media, it is preferred that reporters say, "The person used a derogatory word for a lesbian, gay, bisexual or transgender person."
I invite any of you who think it's okay to "reclaim" this horribly offensive term to look into the tearful eyes of a young, Transgender person who has been called names all her/his life and say, "You're a tr***y." If that's okay with you, to use language that you know might hurt someone, then you need to take a long, hard look at yourself.