The new Cyanogen logo takes into account the three pillars of Cyanogen's plans customization, security, and open source. Unfortunately, if this weren't explained, no one would be able to figure that out simply by looking at the logo itself. The "C" of the logo could be spotted and maybe connected to the idea of customization. The idea of security is supposed to come from the fact that the overall look is similar to that of a screw, which invokes both ideas of building and securing.
Cyanogen says "The new logo is not going to replace Cid, but work with the company mascot. This is the logo for the company, but Cid is the avatar to stand in for the CyanogenMod community, which is still going to continue its work".
Let us know what do you think of the new logo in the comment section below...