Except that a move-equivalent action is NOT a move. Therefore, stepping 5' back (non-action,as declared by the chart in chapter 8), then loading a light crossbow (move-equivalent), then firing, is perfectly acceptable.
I must note however, two things:
1) Large creatures have a 10' reach. Don't try this with an ogre.
2) it's a light crossbow, and pretty easy to load. It does not require any special equipment to
and fire.
---------------
MY wish list?
1) make reflex save affected by armor check penalties. It makes sense that if it's harder to tumble or jump in full plate, it should be harder to dodge that breath weapon, too.
2) give rangers the ability to apply virtual ambidexterity and 2WF to double-headed weapons, which strikes me as nonsensical that they couldn't use it.
3) Remove the blessed paladin and monk multi-class rule - OR, extend it to ALL classes.