i'm seeing a variety of suggestions and vibe assessments here, and i almost find it more fascinating how Vintage really evokes different feelings for different folks.
my own opinion on the matter is thus:
i think both the old one and the new one are very elaborate, which from a logo design perspective could get kind of iffy. i read the grievances of the logos being more illustrations than something iconographic which i can understand, but i also think that kitsch and busy designs CAN be done right if they focus the implemented detail in the right ways.
the old one has a rustic charm to it by this point, the new one is a very different stylistic take but a better overall silhouette and text placement. a mix of the two could be interesting assuming that the idea is to keep the design identical thematically, what with the tree and all
having said that, i don't think these designs would really be a good fit for a desktop icon specifically unless they were tinkered to look good at a distance.
for that, i think the gear designs people have been positing would honestly be a very good direction to go down, i quite like the focus on that as a thematic and design element
made my own fun little mockups as to how i'd personally go about it, because it seemed like a fun design challenge