Questions: - What does the red/white crown-like design at the top represent? - Are you envisioning the lettering embossed, like in the Porsche Club emblem? - Are the shadows just for 3D effect to depict how design would appear as a 3D emblem (vs. part of your proposed complete design)?
Initially, I was thinking what if all the greys were darker? But I'm on the fence and think I like the grays as they are.