2nd one is best. its pretty plain or so it looks..the majority of the sig is the render you can hardly see the background And i agree id lower the opactity of the dots. It might just be because the sig is so small. normaly i like that size sig but with a render that big. You got it to look pretty good for a sig that size though.
It is a bit bright, and seems to be lacking a little depth too. Like the others said, defienetly lower the opacity on the dots. Text also needs to be better, better placement to start, then take it from there. I would go with the white border...or even select a color from the image itself, a light color, perhaps a light purple and make it your border...or do a purple/white gradient border.
yeah text needs a little work (but who am I to say that? I suck at text ^_^ ) and the c4d you added is only obscuring the render, really. I'd say that the render and style really don't need any c4d. the brushing effects look good, I like the appearance that its just about to shoot its gun. keep at it, you'll be better than me in minutes!
Thanks for the comments everyone, I'll try working on the text more on my text sig and also try adding more depth.