Logo me this

This is the official logo for the 2012 Olympics. I may be an artistic hack, but I know shite when I see it. Florescent pink and yellow? Hello? 1988 called and they want their logo back. Ech. Apparently it hasn't been well received.

Best comment I've read so far:

"Lisa Simpson giving head is the official 2012 London Olympic logo!"

Didn't see it until I read that - and now it's all I see.

Thanks to Knife Writer for the quote.