2012 Olympics logo

Has anybody got a good thing to say about the new logo for the 2012 Olympics?

Please, please, please say this logo is a hoax.
First impressions matter and mine was “That’s awful”. It just looks a mess and I feel embarrassed that this is the symbol the world will see supposedly representing this country. All that rubbish spouted by Coe and Blair et al sounds like just so much manager bull**** I have to read through every day. What does it MEAN? Unless you know what you’re looking at you cannot see “2012”, and if that’s what it means then why is their a dot in the middle? Please ‘evolve’ it into something meaningful ASAP.
I used to have a lot of respect for Coe and the organising committee etc. but I now feel that if they think this is good then their judgement must be somewhat impaired, and what does that mean for the games as a whole?

For those who haven’t, pick a colour…

I would set up a vote but as I don’t know how, you could always sign the petition here http://www.gopetition.co.uk/online/12539.html