I'm very satisfied with this idea. It's simple and represents all it should. There's the obvious red pixel and a mobile phone. The shape of the big red pixel in the back is cut into a shape of arrow keys, which references playing games. Also the big red pixel doubling the one in the mobile shows that it's more than just a mobile when it has red pixel games on it.
The next versions of this logo are simplier and I'd call the last flat red-white coloured ones really iconic.
(This comment references Entry #153)