I have you logo Steve and I think you did indeed come up with an elegant solution.
I have received a new logo design by Ricky (a to be new addition to the class I believe).
I'm currently involved in the wrapping up of the bankruptcy of the company I work for and when that is done then I will place all the proposals entered on a website and we can all start discussing the various merits and drawback. I think I will use large part of your post as well. before we get discuss pro's and con;s we need to agree upon what the logo is intended to achieve. A good point.
My main point here is that I want to request a little more time; Obviously my head is somewhere else at this time.
Wouter