FTR this was talking about the original version. Some of the new ones are more clear on the peeling back. (but with those the shape of the pealed back part doesn't match the base at all and my OCD can't handle that )
That's the latest design trend, using two different fonts in one integrated logo
The alternative solution to that is having it peel off on the other (straight) side.
Bottom line, if the concept is liked, the execution of the concept could be modified and up for a separate design contest.