Egh, I can accept that as a reason for Araragi backing off from Hanekawa in that sense. But it's not like Senjougahara's issues weren't any lighter than Hanekawa's either. And wasn't it at the end of Bake that Baka-ragi actually realized that Hanekawa really did like him like 'that'? He is still obviously attracted to both of them, it's just Gahara-san sunk her claws in and took off with him.
*sigh*
Fuko da...