That's much much better!. Good idea with a outline around and placing 'photostudio' into the frame as part of it. Now, what is required, is to get rid of the bulb and come up with something more appealing to photography. Bulb is a bit like that I am an electrician...
1. Make the whole logo more suddle, its to strong. Look at
#1 in the ranking. The flare is something I would like to keep in the logo.
2. Font - needs changing. I realy like the oe used in
#1, search for something similar
3. Photo Studio - need to make it a bit more visible, as it is too small and clients will not see it
thanks for a great work so far,
kind regards,
M