I don't think the actual text in the logo is important... unless you plan on displaying it very large, no one's going to be able to read it anyway. At the size of the current logo, everyone will be able to recognize that it is text, even if they can't actually read it. (And at smaller sizes, it doesn't matter what language it's in.)
Personally, I don't have a problem with not carrying the rings over into a new logo. To me, the rings suggest wireless, but this site is about mobility, which isn't necessarily connected to wirelessness. OTOH, I wouldn't curse the gods if the rings were there. Maybe, instead of text on the screen, the rings would be on the screen as a logo...
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