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Yeah this looks great, I think you've pretty much nailed it if this is what you envisaged when you started building this logo.
The second version is definately an improvement!
It does give out an oriental feel though - does this represent the purpose that well? I dunno, but maybe if you played with the sizes or height of the red containers it might give it a quirkier look and feel. Something to try maybe?
But good job!
