But it's recognizable.
For every 'Nike' example I can give, I can find thousands of examples where a company logo is basically the name itself.
I've always been bothered with the logo, not because it's original, but because it's not THAT much original -- heck, it could be seen as a rip-off of the Nike logo after all... Or simply a 'wave', or 'flower petals', etc... Which is valid for everything, because, well, that's basically what I did: I took a bunch of paths and tried to turn them into something recognizable and inducing a sense of dynamism.
Fact is, I learned more about the tools (never stopped learning...), now I've becoming better at handling paths, and I was able to start from a more complex shape -- a W -- and turn it into something I like.
I still haven't managed to make a proper favicon for it, but it doesn't matter that much. I mean, Google's old favicon was horrendous, their new one may be even worse... It's not stopping them from being successful is it?