It's shite! (https://pp.vk.me/c7002/v7002570/11a5c/rb3oNRQpnLE.jpg). They've neither given a tribute to the old badge, nor made something pretty and/or new. The shield is quite irrelevant and too colorful as a badge of an A-league club. AND IT LACKS BLUE!!!
If we would have to change the badge, I'd choose this one as it reminds of the old one and has a good design. Blue and white colours in the two circles can be swapped, but the main idea of the following badge is still much better I think
There are also some different, but still pretty options. For example: https://pp.vk.me/c627823/v627823579/297bc/Un67y8MgHWM.jpg (the eagle and its proportions should be improved, but still)
Or we could simply return either of the old circle badges, it would be still better than what we seem to have in the future
That just looks like a NYFC version of our badge. That is shite mate. For me all they need to is remove the shield and remove the gold and it's perfect