The current crest is a pretentious, puffed-up embarrassment imo. DT's is much better.
I do get where Oddball is coming from regarding rebuilding the brand and therefore having to simplify it. Stan Dupp's quip about the current crest being all Lions and Pillars was very good too!
However, I think its not so much the crest that folk dislike as opposed to what it represents. If a good regime took us over that time instead of the Goons & then Tony, and if they built the Club from the roots up like, say, Southampton and now we were in the Prem playing really well with our own home grown team, I think people would look favourably on the current crest.