As I recall, mine was straw in color undiluted, and diluted very pale straw in color, when I first received it. I ordered two bottles, and the first slowly (over about 4-6 months) darkened after I'd opened it. When it became significantly darker, I noticed that activity had dropped; it still developed paper, but not as quickly as it did originally. The prints also lacked some "punch," at least subjectively. I didn't do any sensitometric tests or anything; I just ditched the last 1/3 or so of the bottle. The second bottle was still good when I opened it and I've been using it since then.
Overall, I'd say that yours may be on the tail end of its usable life, but the proof is in the prints. If you like the results, keep on using it.