Now that Lord Sebastian Coe "has announced an official inquiry into the handling of the 2012 Olympic branding and has threatened to withdraw funding for the work," it appears all but certain that a new logo will be designed to replace the disastrous current one. Hopefully the new one will not cause epileptic seizures.
I commissioned a crack team of designers to come up with a new logo. The design is now finished and I would be willing to sell it to LOCOG for half the £400,000 price they agreed to pay for the original logo. My price is a bargain, considering that my team's design is guaranteed not to cause seizures and "it will inspire everyone and reach out to young people," as Coe hoped the Olympic emblem would do. Click below to see the new logo.