I don't like the new favicon. What was wrong with the old favicon? Nothing. Seems to me someone in Google is really bored and have nothing better to do.
I didn't like it at first, but it has grown on me. The colour is good, but I don't think it looks as good as a really small icon - too much going on.
Yeah I really don't like the new google icon. I think what google pioneered was to keep things basic and to the point. Adding colour to it and some design really doesn't go with my vision of the google flow to be honest.
I like the old one and vote for it. I don't know why google change their icon cause the old one is more a google icons that the new one... Too much colors in it and doesn't really represent google.