Personally, I liked the old font a bit better. This one is a bit too rigid, it doesn’t look like something a music band would use.
The part of the G that isn’t part of the E (the cream coloured part at the bottom left), looks sort of like a dolphin’s tail. I think it’s the texture, because I saw it too (before reading simplistik’s post) and I didn’t see it at all before. It might be that diagonal line running through the center of the “tail”. It’s like the green part is the dolphin’s body, and the diagonal part is the part I highlighted in this picture (because this is so hard to explain).