I like it, but I think the red behind the main render of Punk stands out a little too much, and draws too much of the focus. I think a different color would have fit better. Maybe a combination of a bluish-gray to get the steel effect, or even a black I think would have worked well. I think the "Punk" text could be made a little bigger too.
Otherwise, it is a great piece, and has a lot too it.