This seems like deja vu, University of Waterloo was also trying to modernize its logo, didn't go to well: http://www.youtube.com/watch?v=0lF1YfYOumM
of course a Hitler interpretation: http://www.youtube.com/watch?v=gHLKp3lwdK0
Instead of replacing everything, the new logo is used only for advertising materials, while the old logo remains on the diplomas.
p.s the new logo looked horrible once it was introduced, but a year later most people don't mind it; though it left a really bad impression on the student body as the university decided to pretty much ignore the popular opinion
pew pew