Not bad for quick side projects. Also check out Squarespace's do-it-yourself logo builder but one of my favorite hunts from the past month is Design Rails which uses your company name, keywords, and categories to generate a logo.
Designing a good logo takes time, so when we launched http://www.couponhunt.co we did not had a logo, Its just text with bigger font. Now with Withoomph its looks super easy to create logos.
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Cool product, not free (as stated in the bio).
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.... It never finished"designingmy logo", very simple logos and quite expensive. thanks though
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