What the hell were the London Olympic Committee drinking?!?

So the new London Olympics logo got launched yesterday and I must say, I think Seb Coe needs to lay off the pints. What is that? Seriously?! Did Matt Groening make a joke and submit a Picasso style Lisa Simpson head?!?
My initial thoughts were that it was a hoax, but then I realised that there was already one hoax connected to the London Olympics logo.

Someone took the classic goatse image and made it into a logo. I must admit, it’s better than the one they actually chose. BBC actually managed to air it on TV. Kudos to whoever pulled that stunt!
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I know it’s really bad.
Jay - June 8, 2007 at 4:15 pm
While most sports commentators and fans have called Tiger Woods (and before this year, Roger Federer), it appears they have overlooked Michael Phelps. Certainly a good argument could be made that Phelps, and not Tiger or Federer, has been the most dominate athlete in the world over the last 5 years. Why punish him because he competes in a sport than only gets any real publicity every 4 years?
Mark Hauser - August 11, 2008 at 6:35 am