Is the illusion of depth intentional? I guess it doesn't matter. To me the subtle 3D effect is the only really good thing this design has going for it, so I would recommend to continue it, yes, but with that as the focus.
same response as Hrant. 3d element is best aspect of design. Rarely done this well in my opinion. A bit more uniformaty would help. Reminds me of work by dutch designer Max Kisman. He was doing similar work around 1991, some of it was release with fontshop,
thanks for the feedback.. i checked Max Kisman's stuff.. it's pretty good. This was done for a school project and my teacher insisted that each character consisted on two