AS3 - fluid / avoid cursor effect

Hi, I’ve just done a job for a client which was adding a fluid/washy effect to a logo [[view here] The client has come back to me, and now wants to make it more like the Everyone Forever logo [URL=“http://www.everyoneforever.com/”]view here] in that the logo itself breaks apart as the mouse cursor rolls over it.

I’m not really sure how to go about this, or if this is even possible? From my knowledge, I would say that it would require 100’s of 1px movie clips arranged into the shape of the logo? which would be really heavy to run. Is there a better way of doing something like this?

Any advice would be great.

Thanks