Google has completely redone the AdWords Partners Logo. I suspect it has to do with Google's new branding coming to AdWords, that we spotted earlier.
The new logo, well, looks nothing AdWords like now. In fact, it is almost hard to know what this relates to. But again, that might change when/if Google launches their new AdWords branding?
Rob Mass posted this on Google+, he is a Google Partner, and he isn't too happy about the change. He said:
The new logo for AdWords Partners, but where is the connection with AdWords?
You can see the logo placement on his partner page over here.
Forum discussion at Google+.