Reminded me of this: http://www.identityworks.com/reviews/2008/WendysArbys.htm

I read it as V I design., and to me the first logo has MUCH stronger typography than the second one.

just my 2¢.

I assume VW are your initials?

I wonder if maybe you would somehow make it more 'W' it would help.

I mean, I don't want it to read as 'v v' either, but here's a direction I think you could possibly explore. I wonder where it will take you if you play with it

I read this as one W. What if you strung 3 Vs together and screened one back to separate the V from W?

I wanted it to be a bit subtle. Does no one else see a 'w' in there?

i see a w but not right away.

have you played around at all with some sort of subtle shading to indicate the shape of the w? something along these lines: