Dave it looks good but I'm way to F-ing anal. In my opinion where the line runs through the font that says "XOPTI INSIDE" the font should be curved just a little less so the line matches the black oval in the background. Overall it looks fine.
Cru, you're right. I hadn't even noticed that. I'm going to fix that for him. I have him several different variations including ones without the loop and bottom text.
gosh I don't know why this image host is compressing the reds so much [sad]
Yes it is the same, and it can be noticed in the b/w version above. Unfortunatly when I added layer styles to it, it made it look a little off. I've fixed it.