New G & T logo leaves me feeling Grumpy & Tired

The Grand & Toy warehouse is just a block or so away from where I work. The other day I was out for a lunch-hour walk and spotted that their warehouse was sporting a new logo.

It's so Web 2.0

What the heck was wrong with the old logo? Does every company feel it needs a new logo these days?

You can view a bunch of logo redesigns (25 pages of them) here.