@Fluttershy: It's ok, font is a bit weird though, more professional looking font would seem ok. As for the shield, the waves on it look a bit like they are just clip art from ms word or something. Would like better waves and font.
I actually really like this, the font is nice, though a slight bit more watery effect would be cool, at the circles that are missing, maybe if they are somewhat similar to splashes
Idea
Overall I really like this.