The logo should communicate the basic idea we want to get across: the world is changing and just like Dennis Gabor has said, the future cannot be predicted, but futures can be invented: right here are and right now. We want the logo to have more than one color, be based on vector lines, have crisp and fresh look (think: web technology startups) and include a very simple identifiable special detail in the wordmark in order to set it apart from the originating font.
Updated design drivers:
The word should be one complete word, "megasignals" or "Megasignals", not "MegaSignals" or "Mega Signals". Simple and clean, avoid too much association with RSS. Think also colors that represent change, rather than stability. The font should be serif or sans serif and include some personality: not pure helvetica but not too comic sans either :)
If we love the final design, it is very likely there will be more work available for the designer related to book cover, website, design elements and illustrations.