As logos go, it's fine... but why is there any need for a logo in the first place?
Personally I would prefer something that understates, rather than shouts! - what about simply
HTML5
or just,
Valid-HTML
I get kinda p'd sometimes when my town or some gvmt dept spends my money of stuff like their own self-promotion, and I would prefer to see w3c etc. spend any additional resources or surplus they have on perhaps implementing ISO9001 and then publishing all the documentation on line available for PUBLIC audit- use a standard to manage standards I say!
So, given that I've probably had too much coffee today, I will cast my vote against...