I rounded the corners a lot more which really helps it and I'm looking into other branding with a squarish O replacement. Still working on the colours
http://puu.sh/5JwfZ.pngThe look is very brandable which I do like a lot. Has a lot of multi purpose use apart from just the logo you see in the corner of the website.
The colors are not terrible, but testing some color schemes probably would be good as I'd like the design and color scheme of the site to be piggybacking off the logo itself and mesh well together.
Thanks for mentioning the band-ability, this logo is extremely versatile and make its easy to remove and create new sectors of your company. Here just a few examples
