I pretty much agree with everyone else in that you need to do some more work to that lens. either add the lens coat or get some tape that is matte in finish, and get it to cover better. the problem is that right now, the lens is even MORE distracting because you see a shine on the lens from the tape, you see the white lines between the tape and rubber parts, and you see the different black at the end.
As to people being photographed, if photogs can take huge white lenses into populations of people who are removed from civilization all together and take photos, i think you should be able to walk around with a 70-200 and only get an initial look. When people saw my 70-200 they would look, comment on how large the lens was, then go about their business and never give it another thought.