Nah...not better. Different and equally bad.
The silhouette figures are just floating there looking exactly like the clip art they are. Perhaps you might have them interacting somehow. The karate guy could be ripping the heart out of a tap dancer who's trying to fend him off with a banjo. Maybe go back to the ying-yang or whatever they call it. Whatever you do, make them larger, even more stylized, and more together. This is a logo, meant to be seen and recognized at a glance, not a detailed picture story that you have to consciously look at for recognition.
The 'Triple Arts' is somewhat less than an optimum choice of type face. Although the small caps work as well as the bend. Nonetheless, as Jill observed, it's hard to read.