Well, if the point was to attract attention and stir controversy, then the 2012 London Olympics logo is a success. What looks like a decent logo that was dropped on the floor (quintessential British teeth?) is actually stylized numbers (2012) in hot pink. When rendered as flashy animation, it is said to cause seizures, like those old Pokemon cartoons.
I think it looks like Lisa Simpson giving head.
Look for the link to the mp3 of the BBC radio interview with designers Jessica Helfland and Adrian Shaugnessy on the logo here.