Actually, yeah...he kinda does need everything nerfed.
Upfront burst of Phoenix lets him win the majority of trades with anyone unless he's far behind. Just for being Udyr. This means he can crush anyone before 6 easily if he happens to get to them.
Spammable turtle shield gives him a ton of survivability, especially with little-to-no investment in its scaling stat.
Bear makes it so he can essentially perma-ghost with stuns. It makes sense they'd touch it, especially with its turtle synergy for baiting.
Tiger, combined with his passive, gives him an absurd amount of attack-speed without having to invest in it at all. Why buy attack speed when you get more than you could ever want with the ability you choose to leave at 3 ranks?
Be happy. Udyr's getting a slap on the wrist. He deserves far more than what he's getting, itemization aside.