That's a good first draft though I worry there's too much detail on it. The logo may log too blurry when scaled down. Ideally we'd like to use the logo in several places where a small icon is required (48x48px, perhaps 32x32px), thus a simplified version may be needed.
A much more detailed version could be used for banners though.
I'm with you :)
The post was more about the general idea of an engine as logo. I liked the idea and started to create a vector image. If we would use this idea someone with more experience must create a final version.