I understand the want to retain a sense of familiarity and keep elements of the old logo intact. But in this case if you are going to have to redesign your menus too, you might as well start from scratch on a new logo entirely. I really liked the gear\clock suggestions people were making. I agree that a logo has to look good scaled up on the main menu and retain that same pizzaz scaled down on the desktop. I don't think either of the logos achieve that goal. Go back to the drawing board and please trust yourselves with your own game, don't be afraid to make changes if you feel it will fit the identity better. The new logo does not have to resemble the old one at all. Best of luck!