Hey RGBee,
We're intrigued by your submissions. Play with the colors a little (maybe try it in blue or something else that you think looks good) and experiment with a 3D look. Also, keep in mind that this logo will appear on every page of our website so it has to be aesthetically pleasing and symmetrical. Maybe symmetry could be achieved by putting the big colorful P in the word pegged, so its not a free standing icon, it would be incorporated into the full word. You could also incorporate it into the full word by writing pegged through the P, similar to the McDonald's logo.
Basically, we like the designs you've made so far, we just want to see more similar to these designs with different colors and 3d look and we also want to see new designs incorporating the big P with the word.