I was also a kid with a subscription to Daredevil at the time, so the parody was right in my face.
But this exactly. The original comic was also bloody and more raw than the comics code would allow Marvel to be. When it turned into a cartoon with color-coded bandanas for the characters to help the audience tell them apart, the shark had officially been jumped for 12 year old me.
SAME. I was reading Daredevil and caught the parody/homage elements when I finally got my hands on a 6th printing of TMNT #1. Started really reading it with issue #6 and enjoyed it but quickly fell out of love with it with the cartoon. Haven't really been a fan again to this day.