I remember when that was designed a few years ago. There was some hoopla about the fact that it was so blatantly trendy and not really in the "Olympic Spirit", but I hadn't heard about this Iranian business. Sheeesh. I wonder if they got to submit their own logo. It was a design bake-off, after all.
How about the new Pepsi logo? That's almost in the same league... and probably 3x the stakes.