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Here are a few proposals for a new logo:
This design inspired a few shoot-offs by Moe Aboulkheir:
The above is my current favorite. It gets rid of the interior "y" join at the chicken's wing, which clutters many of the other versions. The lambda is easily seen. The color scheme is working, although other color schemes are certainly possible. I do think the top of the chicken's tail is too fluffy, like a bunny rabbit. - Brandon Van Every
The top of this chicken's tail is more chicken-like. - Brandon Van Every
Nelson Castillo created this:
The original logo currently in use:
Here a modification, by Category 5: