New Animal Planet Logo

I am not too keen on the new design. What do you think of it? To my eye, it seems too cluttered, too busy. What's with the sideways "M"? At a quick glance, my eye sees "A PLANET" and something resembling an angular "3". Are they trying to imply that the planet has become too small for all the animals? That animals have become squeezed into our planet? Or is it just poor design?

And now here's their old logo. It still looks pretty good to me.
Which do you prefer?
Did they improve or detract from the brand identity?
Let us hear from all of our marketing and design geniuses out there!
A special thanks to our friend, Andy Malinoski, for pointing this out to us.
Labels: Animal Planet, Charleston, design, logo, Maple Creative, marketing firm, new logo, Skip Lineberg, West Virginia