I agree too, the bottom was what I originally had if you remember. Waffle is right (I think), I'm pretty sure I just layered in polar coordinates and got excited. I also don't like how there's this splotch I missed above the L in the first one. Either way they always look better before they hit the web, they seem so much more blurry now. The biggest problem is the text is particularly weak, if I could fix that I might be okay. Well, I try a less restricting background next time.
I think I go back to the bottom one (for the time being), I like it better than the one I'm using now (with the color if you recall).