Looks like we are about half and half on the logo. Next time the community will be more involved rather than just trying to drop in your lap. Was on a time crunch to get the website out, so I moved a little fast on this one.
As for brand, I think the concerns are unfounded. Already dealt with this with Peercoin. A good flashy logo did us wonders. You kinda need something a little unique when it starts show up on the NYT, etc...
As for update, it should be updated whenever a new client is out. No special update will be made for the logo. Would the community like to vote on the logo? I have a few more design as well.