I don't see that it does... he used gay in a negative term and then made a very straight comment about women....
its not hypocracy at all.... THAT would have been something like "Reading is gay(negative)... I love gay people (positive)."
I don't get what you're saying coaster lol but the points that hes "a slut" (which is usually a term reserved for women), and "he looks at women as objects, not people" really have no significance to proving it was a hypocritical sentence.
Oh, and to play devils advocate, reading "pleasure" books isnt pointless. If you have a good outlook on it, they can be just as fun as a movie or tv.