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The logo is pants, but have you seen the mascots? I'm not even going to find a link they're so excruciatingly excremental.

Personally, I loved Vancouver's, but think Barcelona's a work of genius; joy and athleticism in two brush strokes and a blob. Maravillosa.

I might have bad taste as well, but as someone totally ignorant of art:

Barcelona, Nagano, Sydney, Seoul and Vancouver's logos all look equally good (and bland and generic, but that's ok) to me.

I agree that the Barcelona one is the best of the bunch.

The London one is missing the Olympic colours, and it looks awful to me.

It's what's known in graphic design as a GMST = Generic Meaningless Swoosh thing.