Hot but you have negative space in abundance and not much real flow. Kill the boarder or at least make it thinner.
i like it, but you could raise the contrast a bit, and do a different border. i think that just a bit less negative space would do a bit of good, but keep most of it, it adds to the effect of the tag. and after all of that is done sharpen it up a bit, but all in all it is a pretty good tag.
A little bit too much neg space. The parallel lines are a bit too distracting. Also, a tad more FG (or BG, either one will do) effects would really make this sig better. Overall, it's a pretty cool sig. Not many "wow" factors, but nothing here to make me cringe just looking at it.