I think it looks a lot more clearer than the exisitng logo. It looks good, but a little old fashion.
I was thinking more of a print font. Something like a Century Gothic font. Check it out in Word. Then change the color of the text so it can blend through the blue background. Then apply some different color outline to emphasize it. Get what I'm saying? I suck at Photoshop but if someone knows what I'm getting at, you can try to design it. It will look so good.
*Fact: Microsoft Window's Blue Screen of Death vs Computerforums.org's White Screen of Death. Which is worse?