Check out this article people and tell me what you think.
its about why logos don't cost $5

http://justcreativedesign.com/2008/05/22/why-logo-design-does-not-cost-5-dollars/

That's actually a Very good article that points out definite issues in the targeted industry of logo design. Nice find
+ Rep for that one

I read that piece some time ago and tend to agree with most of what jacob has said in that article.

really good article, logos are completely forgotten by some but completely important part of design.

good article.interesting info.