as a radio DJ, I like the second better... cause I can read who it is.
but it seems that the more you can't tell who it is, the better the music is.
it took me like 6 months to figure out that the last enslaved wasn't a band called mardrum or something like that. and I only figured that out AFTER seeing them live.
I like the first one more. Metal is all about illegible logos. If you need to read the band name look at the side tabs. Thats where normal fonts should be used.