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I like the first concept a lot (concept 1, option 2). The font, slight gradient and colors work well together. I think you should keep draggler the same color (red0 and on the same line. I really like the idea of the red bar out of place as if it is being dragged, but the large drop shadow is making it too dominant. You may want to decrease the shadow and stack them on top of 'rag' to pull the whole concept closer together. Then, right align the tag line to balance the entire logo. Great start.
