The logo is somewhat reminiscent of a really messed up jigsaw puzzle. It's definatly funky looking. But yes they did spend a tad much on the darned thing and they'll probably spend even more on the mascot.
What were they trying for anyways?? Is the Pangea look in in 2012??? I liked the logo they had in the Doctor Who ep last season that was set during the opening ceremony of the 2012 Olympics. They could have used that!
Sides....they'll make more money from the Olympics and probably break even on the first day of the games. So they'll get the money back and then some.
But it seems that lots of people don't like it (is it supposed to be a Celtic design?). So yay..controversy in the 2012 Olympics already.
http://www.centredaily.com/living/story/127293.html