What is wrong with people thinking the logo looks like underwear? I am willing to bet people are more likely to remember the logo and company. I remember when everyone was making fun of the name "Wii", but I would be surprised if that name, which generated free publicity, did not help Nintendo. If the logo reminded people of genocide, okay change it. But underwear? Seems like a good thing to me since they might remem…
So, OK, it is amusing and probably memorable, but as I Brit I would have tell them that they don't want a bunch of Brits saying their product is a load of pants.
So, anything else, and it might be slightly clever marketing, but in this specific, I'd put my sensible head on and say they should avoid it.