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One thing about logos is that they have to be usable, and usable across many media. For instance, on a website, if you wanted to put this in a header, it would be awkward because it is very tall, but not very wide (opposite of a lot of headers). Also. the typography is a bit gimmicky for me personally. It's got a good start though. Logos are a lot about how you use them though, so I think if you use it wisely, this could work.
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That is true, I have uploaded a third image, with the orientation changed somewhat. It is still a little chunky but would fit better...