The high prevalence of circles and curves gives this logo a very fluid feel. The brown and the dull orange go nicely together. As one can see in the development stages, the artist clearly set everything up so that there would be the exact shape interplay and alignment they desired. It is a whimsical design which goes along with the word "pointless", I suppose. The slant of the text make it appear as if the bear is cycling down a hill, and that is perhaps why his hat is flying off.
This is a very simplistic but yet effective logo. I love how geometric and straight it is. The designer did a great job making it simple and yet still easy to read the word WAVE. The fact that the A and the V tie into each other is eye catching because it takes a second to catch on what it is. This design is very easy to remember and pick out.