Like the new one.
Could you use a lesser lime green, more of a kelly green and integrate a soft blue color and nice yellow.
Also we like the lower case f better than the captial F, along with a bolded "foto" with a unbold "co".
also we like the difference in the new background that makes it feel like its in a white back drop room. maybe enhancing this by adding shadow to the bottom and maybe use the glare technique that is famous in apple logo and applications and what not.
cheers. keep them coming