I really like peavey gear ,,but i do think the logo is a bit dated / spickey / 80s heavey metal ,,,so i do think that it should be redesigned.
I'm trying to think of other companies that did this ,,the only thing i can think of was Toyota , they had a crap logo and then changed it to the circular logo.
I think its good for companies to change the logo if they have turned a corner so to speak ,,and i think peavey has turned a corner , recently their equipment IMO has reached a new standard ,so therefore i think it time for peavey to have a new logo.