It's the coloured-ball-thing that's too big in my opinion. If you make it only as tall as the text (shrink it, don't make the text bigger) it'll be better.
I actually took the liberty of fiddling with them myself. Hope you don't mine!
You can keep the bigger one and use it as the logo for your forum (as we do the bee here) rather than the generic Beehive theme.
EDITED: 27 Mar 2007 20:22 by MATT