An inexpensive way to make great looking logos

Cool idea, but all of the example logos look horrible. I'd be embarrassed to have them on my website or product.

I think it misses the whole point that the biggest differences between a good logo and a bad one is typeface and color scheme, and this software seems to leave both of those in the incapable hands of the end user. Sure, having a nice mascot or graphic mark is great to have, but this software can't solve that problem either (because it can only provide a few pre-drawn marks, which once used by anyone become stale and indefensible as a trademark).