Personally, I was partial to a bunch of the logos from 99 Designs' contest (99designs.com), especially the winner:
But this official one is really good nevertheless. Some of the ones that I liked from the contest wouldn't have worked in a pro sports context, and the only quibble I really have with the rebrand is that the colors aren't all that distinctive.
You wanted the best, you got... the Out of Context Quote of the Week.
"£8.70 for a measly 16 out of your average fag machine." (dMr)
It's this sort of thing which is why I just cannot get into the college game beyond a passing hope for my alma mater (GO DPU!) and enjoying the NCAA tournament. The NBA makes no bones about the mercenary nature of its teams, and the fans accept that.