the first response has the idea down but the key looks kind of weird and you made it real dark unlike my discription. looking forward to seeing other entries.
the key prongs look really unnatural looking and the "red key" part is spaced pretty far apart, i dont know really it just doesn't seem to "pop" on the page like a logo should.
I think that might be the winner..but well have to wait till the end of the timer just incase. If you could make 2 small adjustments I think it will be perfect. Spread the "ed" just a tad and the bottom of the d looks funny like the curve goes up a little too high.