At least you are trying to make your point instead of repeating over and over again how I would be chucked out of the arts course in elementary school for daring to voice my opinion.In your redesign you aligned the 'Ins' with the front of the O and the 'mniac' with the back of the O. That's why your redesign is simply wrong.
I still have to disagree though, because the way my brain perceives it, the letters INS and MNIAC are flat and aligned with the "camera", but the O is tilted to the left. So the way I put it makes the flat letters keep equal distance from the outermost corner of the threedimensional shape, being the frontal part of the O to the left and the back side to the right. If I knew how to do such stuff I would visualize it, but alas...
Anyway, they chose to do it they way it is and I will learn to live with it.