Yes, it is my opinion. I feel that the colours are great on their own, however the semi transparent colour in the middle is garish. The balance of the logo especially in an icon format on my home screen is off and feels weighed down in the wrong direction. The shapes are friendly, but also blurry and get lost in each other instead of begin clear and readable as an actual logo mark. I don't really know where they are trying to go with it, it just feels incomplete to me.

I do like the new direction, the new app is great, and I am interested to see where they go. Hopefully they can address their customer service issues and actually improve their product to compete instead of being a dinosaur that just changes the curtains when the new kid on the block is beating them.