Of course Angela's kerning is 100% better, but in terms of branding Google has always been "anti-design" so maybe the bad kerning was planned?
Speaking of color, the yellow "o" blends into the white background and makes the space between the two "o"s, as well as the space between "o" and "g", look smaller than they actually are. In order to look consistent, the other characters need to be closer together than they would ideally be in a black-and-white version.
Maybe "against the grain" or "intentionally quirky" is more accurate?
The difference seems to come down to whether half-round letters like the G are treated the same as the fully rounded letters like the two o's.
To my eyes they look a bit different, but I can't say that one is any better than the other.
Related reading:
http://fontfeed.com/archives/nyu-researchers-discover-defini...