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Originally Posted by Kyuzo
EDIT: Really though... that's a dramatic step down from their shiny X logo...I mean, that has to be the 2nd lowest budget logo I've ever seen.... first being the dreamcast...
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I don't think "budget" is the word you're looking for.
Besides, if this is the legitimate logo and the 360 becomes a success, then what else will you think of when you see a bunch of circles (which may or may not be circumscribed)? A simple yet recognizable design can go a long way to keeping consumers thinking of a product.
Also... a square has 360 degrees in it.