Google g'd up

I don't know who else noticed this past week, but Google changed their favicon logo. The favicon is the image that appears next to the url field on your browser and also in your favorites.

The reason I am posting this is because right off the bat when I noticed this I though that this new 'g' logo was really ugly. It doesn't make me think... 'Google'.

As a matter of fact when I first saw it on my laptop I though that there was a problem with my Mozilla browser and restarted it.