When designing logos, the best course of action is to keep things simple. The reason for this is obvious - business logos find their way onto absolutely everything, from t-shirts to coffee mugs, and only simple designs can be so endlessly flexible. Segmented rings are very popular in logo design because they are visually stunning and very distinctive.
If you have been using Photoshop for the web for any length of time, you have probably run into a situation where you find yourself doing the same operation over and over again.