nickelodeon splat

I'm not sure how identifiable the Nickelodeon logo is. They've used it for a while, but I don't think it's as tied into the network as, say, the CBS eye logo, though kids would probably beg to differ. But all networks update or replace their logos at some point, and now Nickelodeon is doing the same thing. They're getting rid of the splat.

One of the reasons is pretty funny: the network execs realized it looked terrible on their business cards.

So what should replace this logo?