Update: A person familiar with Google's branding tells The Verge that this is not a replacement for the company's traditional logo. Instead, the flatter design is used in instances where the beveled logo may not display well — such as on printed banners or other corporate use cases. The logo in question has been already pulled from where it first appeared in the latest Chrome for Android beta, signaling that the company quickly realized its mistake. Suffice it to say, the Google logo you know and love isn't going anywhere anytime soon.
I cannot believe that they said, "(…) may not display well — such as printed banners or other corporate use."
Such rubbish! What kind of printer cannot properly print the old logo?
Do they think that we are that stupid?
In any case, I like the new logo.