Personally I think it's horrible, but it's also quite old, adobe revealed this ages ago. Still, the feather was the best.
You guys go make a logo for a client. I don't just mean make a logo. I mean make one for a client. I don't think logos should change unless identities change. I don't even know why they paid to have it made. Either way, I'm indifferent. A logo's a logo. I don't believe that's used in the actual program anyway. I have CS4 and I see the blue box with Ps everywhere I go, even the about box. Didn't we have a topic on this before?
The feather's aren't a logo, per se, since they change on every different version of Photoshop and the various Adobe products, it's a common theme but not a common identity. I suspect the logo posted is not going to replace the feather or the boxes the photoshop programs currently sit in, it's more a global photoshop logo to link them all together, and probaly will only be hidden in a corner somewhere. PS : People who start mentioning, "you try doing a logo". How the ------ is that relevant? simply because people can't do something themselves doesn't restrict their right to comment/criticise a huge companies logo. If it did, there'd be no criticism...of anything.