> 2: {\sc C\kern -.0667emo\kern -.0667emn\kern -.0549emt\kern -.1667em\lower
> .5ex\hbox {e}\kern -.125emx\kern -.0549emt}

Here's another, philosophical reason I like a logo based on 2): 

Compared with LaTeX, ConTeXt is (or at least certainly aims to be) so much 
more than a mere macropackage. Placing \TeX in small caps reflects this 
relative role of TeX to the whole system compared to its role in LaTeX.

Idris

-- 
Dr. Idris S Hamid
Department of Philosophy
Colorado State University
Fort Collins, CO 80526

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