I personally like the first design better. You just needed a little bit of touch up. The new design is ok, but it doesn\'t flow with the cape. Notice how when you did the I symbol, it was curved with the folds of the cape. Now if you look at the white on the new design, it\'s not wavy at all and just goes straight across.
For a better understanding, find yourself a shirt or sweater with a design that is parallel lines. then fold it so that there are valleys, look at the way the lines actually follow the valley instead of going straight.
Hope that helps.