I threw this together in a couple of minutes based on the scene from "Memories of Computerland" [link]
I think it's 10,000 times better than the shitty London Olympics logo, and it didn't take me a year to come up with. It'd be great on television with the animated spinning logo, and I think it looks smooth and classy while still having an edgy look that is interesting and makes you look closely. The irregular shape makes it more interesting than a purely symetrical logo.
If anyone would like to pay me several hundred thousand dollars, this could be your next Olympic logo!
3ds max, vray, Photoshop