I think this is the 3rd logo for the latest MLP line.

http://www.underconsideration.com/brand ... e_pony.php

I do like the rainbow but it's a little too pink for me.

I don't like the latest iteration of the ponies... the original G3s were great but now they look ill with the oversized heads.

I prefer the previous logo. The new one (while I like pink) isn't as aesthetically balanced. TBH I miss MLP art style as it was when I was young.