Attack of the terrible logos

Are we in the dark ages of logo design? Just look at the above examples – beginning with the Payless logo introduced in 2006 and continuing through the Kraft Foods logo introduced yesterday. I mean, really? Is everybody using the same WordArt template?
Even the new Pepsi logo has been derided variously as a rip-off of the Obama campaign logo to an exercise in delusional self-importance.
